How does the level of real (inflation adjusted) profits in 20X4 compare to those of 20X1 ?


The following table shows the profits of a business and an index of the general price level for 4 years

How does the level of real (inflation adjusted) profits in 20X4 compare to those of 20X1 ?
A . + $l8m
B . + $12.5m
C . + S3m
D . + $0-6m

Answer: B

Leave a Reply

Your email address will not be published.