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An economist was quoted as saying that the cost of living index ( COL ) will go up next month because a recent increase in the price of fruits and vegetables . Which of the following cannot be inferred from the statement ?
Created: 2 months ago |
Updated: 3 weeks ago
The cost of fruits and vegetables has risen sharply
Consumers have decreased their consumption of fruits and vegetables
The cost of fruits and vegetables is a major item in the COL
Other items that make up the COL have not significantly decreased in price
Food cost changes are reflected quickly in the COL
Job Solution
Bangladesh Bank
Bangladesh Bank - Assistant Director - 2011
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