Given the Consumer Price Index for 2020 is 120.6. What does this number mean? Select one: O A. On average prices increased 120.6 per cent over the base year. OB. The average cost of one item is...

Extracted text: Given the Consumer Price Index for 2020 is 120.6. What does this number mean? Select one: O A. On average prices increased 120.6 per cent over the base year. OB. The average cost of one item is RM120.60 in 2020. Oc. On average prices increased by 20.6 percent compared to 2019. O D. On average prices increased by 20.6 percent from the base year. Which of the following will NOT cause the country's AD curve to shift to the left? Select one: O A. Rising price levels OB. Tax increase OC. Reduction of government transfers O D. Reduction of exports ABC national labor market data for 2019 are as follows: Labor force: 160 million Employment: 152 million Working age population: 254 million. What is the ratio of employment to working age population in ABC country? Select one: OA59.8 percent OB.95.0 percent OC5.0 percent O D. 63.0 per cent


Extracted text: If the inflation rate is 8 percent and the real interest rate is 3 percent, what is the nominal interest rate? Select one: OA. 24 percent OB. 10 percent OC11 percent OD.5 percent If the total labor force is 5 million people but only 4.5 million people are employed, what is the rate unemployment? Select one: OA 90 percent OB.100 percent OC5 percent OD. 10 percent