WAEC Economics 2012 Objective — Question 39
Question 39 of 49 from the West African Examinations Council (WAEC) Economics 2012 Objective paper, with the correct answer and a full explanation.
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A price index is a statistics measures
- A. how the value of money changes over timeCorrect
- B. the volume of currency in the economy
- C. the exchange rate of a country's currency
- D. the composition of goods and services
Explanation
A price index measures how the value of money changes over time.
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