Statistical agency measures the price index

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A statistical agency measures the price index using a basket of consumer goods. This table shows the price in dollars for this basket of goods for four years.

Year Price of the

Goods Basket

1990 $500
1991 $625
1992 $690
1993 $725

4.3. In 1993:

A. The inflation rate and the price index both fell

B. The inflation rate fell but the price index increased

C. The inflation rate increased and the price index fell

D. The inflation rate and the price index both increased

Reference no: EM13903455

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