Question

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not the explanations

swer Question 1. Year CPI 100 120 135 1. The inflation rate for this economy in Year 3 is: A B C D 15% 12.5% 20% 399 • Aum officina unemployment would be Glen netlig alde in and work we op om condition Sueltager job to lock few ouching to a ti in early rentement from bewwkforce as work is difficult to find e rsitachile still not being demod in the mari. C D Why does an derand curve stope iwoward! c e of c ity constraints caused by tuli eployment became the price bave rises the real wage tils, coming total spending to rise because the price level rises the purchasing power of income falls became as the price level nisex workers expect higher future inflation O REDMI NOTE 8 PRO CO AI QUAD CAMERA

Answer 1

Answer

1)

The correct answer is (B) 12.5%

Inflation rate = % change in Price level = % change in CPI

=> Inflation rate = ((135 - 120)/120)*100 = 12.5%

Hence, the correct answer is (B) 12.5%.

2)

The correct answer is (B) Sub leaving her job to look for a new position.

3)

The correct answer is (C) because as the price level rises the purchasing power of income falls.