Economics · Oct / Nov 2017 · Paper 13 · Question 26

The table shows the Consumer Prices Index (CPI) for selected cities for August 2015 relative to New York, USA at 100. | city | CPI | |---|---| | Geneva, Switzerland | 137 | | Oslo, Norway | 105 | | Sydney, Australia | 89 | | Singapore | 88 | | Istanbul, Turkey | 48 | | Johannesburg, South Africa | 48 | | Lima, Peru | 44 | What can be concluded from the table?

1. AGeneva had the highest average price level.
2. BLiving standards were highest in Lima.
3. CSingapore was more expensive than Oslo.
4. DThe annual rate of inflation was the same in Istanbul and Johannesburg.

As printed in the paper