The price index computed between two time periods is given as 128%,This implies that the

The price index computed between two time periods is given as 128%,This implies that the
  • A.
    disposable income have increased by 28%
  • B.
    living standards have fallen by 128%
  • C.
    living standards have risen by 128%
  • D.
    living standards have fallen by 28%
Correct Answer: Option B
Explanation
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