The change in the Consumer Price Index shows that the inflation rate for that one-year period is 20%.
<h3>What is the inflation rate?</h3>
This can be found by the formula:
= (New CPI - Old CPI) / Old CPI x 100%
Solving gives:
= (240 - 200) / 200 x 100%
= 40 / 200 x 100%
= 20%
In conclusion, inflation is 20%.
Find out more on the consumer price index at brainly.com/question/1889164.
Answer: Something to exchange.
Explanation:
A very important aspect of marketing is the goods/service being consumed by the buyer. The buyers in exchange for the goods/services rendered to them pays money.
If the total production exceeds the total expenditures this means that there are more goods are produced than the demand of each households. Thus, this will lead to an increase of inventory. Then this will signal the manufacturing firm that they have overproduced the goods which will lead to cut back the production. This leads to lesser prices and/or unsold goods alongside with the likelihood of unemployment. Therefore the answer is d.
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