Economics 9708 · AS & A Level · Balance of payments

Balance of payments — practice question

Over one year, the price of a pack of six eggs increases from $1.00 to $1.32. During that same period, consumer prices, as measured by the consumer price index, increase by 10%. What is the real price of a pack of six eggs at the end of the year?

  • A$1.00
  • B$1.10
  • C$1.20
  • D$1.32

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