If 2015 Is the Base Year and the Inflation Rate

question 33

Multiple Choice

If 2015 is the base year and the inflation rate between 2015 and 2016 is -4.5, the price index in 2016 is

• A) 104.5.
• B) 95.5.
• C) -145.0.
• D) cannot be determined from this information because the base year is not known

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Definitions:

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