Answer the Question(s)based on the Following Data,using Year 1 as the Base

question 118

Multiple Choice

Answer the question(s) based on the following data,using year 1 as the base year.All dollars are in billions.

-Refer to the above data.From year 1 to year 4,prices rose by:

• A) 4 percent.
• B) 8 percent.
• C) 10 percent.
• D) 12 percent.

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Definitions:

U.S. Buyers

Individuals or entities within the United States that purchase goods or services, either domestically or from international markets.

Demand for British Pounds

The desire or need by individuals, businesses, or countries to purchase or hold British currency for the purpose of investment or transactions.

Currency Market

A global market where currencies are traded against each other, determining their exchange rates.

Appreciation

An increase in the value of an asset over time, which can be influenced by factors like demand, inflation, and currency value changes.