From 2008 to 2009, a country’s national income at current prices rose by 15%. Over the same period, the country had 5% inflation. Which index number is closest to the country’s national income in 2009 at 2008 prices (2008 = 100)?
- A103
- B110
- C115
- D120
Economics 9708 · AS & A Level · National income statistics
From 2008 to 2009, a country’s national income at current prices rose by 15%. Over the same period, the country had 5% inflation. Which index number is closest to the country’s national income in 2009 at 2008 prices (2008 = 100)?