|
Calculate Inflation, if Price index in current year is 15 and price index in base year is 12.
a. 20
b. 25
c. 30
d. 35
Ans - b
solutions :
Inflation = (price index in current year-price index in base year)/(price index in base year)*100
= (15-12)/12*100
= 3/12*100
= 25
.............................................
Calculate Inflation, if Price index in current year is 13 and price index in base year is 10.
a. 20
b. 25
c. 30
d. 35
Ans - c
solutions :
Inflation = (price index in current year-price index in base year)/(price index in base year)*100
= (13-10)/10*100
= 3/10*100
= 30
……………………………………………………………………………………………………………………………………………
|
