1. Business
  2. Economics
  3. the world price of oil has risen recently for australia...

Question: the world price of oil has risen recently for australia...

Question details

The world price of oil has risen recently. For Australia (which is a net exporter of oil), this development will imply that the CPI will increase by much more than the GDP deflator.

Start your answer by selecting one of the options – “True”, “False” or “Uncertain” and then provide arguments to justify your selection (be brief and concise and present your arguments in 100 or less words). You need to ensure your assumptions are clear, reasonable and explicit if making any.

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution