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Corporate Finance · Quiz 1 · 27 Oct 2024 · September 2024 term

Question 2: The table below relates to the economy of Galaland, where…

Question 2

+4 marksOne correct option

The table below relates to the economy of Galaland, where the typical consumer’s market basket consists of 2 clothes and 3 burgers.

YearPrice of a clothPrice of a burger
2017Rs 400Rs 30
2018Rs 300Rs 50
2019Rs 325Rs 70

If the base year is 2017, then the economy’s inflation rate (as measured by CPI) in 2018 is

  1. A

    -15.73%

  2. B

    -18.67%

  3. C

    15.73%

  4. D

    18.67%

Show answer

Correct answer

  • A

    -15.73%

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Question 2 of 25 in the IIT Madras BS Corporate Finance (Corporate Finance) Quiz 1 paper sat on 27 Oct 2024, in the September 2024 term (IIT M DEGREE AN EXAM QDB2 27 Oct 2024). It carries 4 marks.

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