If the Consumer Price Index Changes from 120 in the Year

question 105

Multiple Choice

If the Consumer Price Index changes from 120 in the year 2016 to 126 in the year 2018,the average rate of inflation per year over this two-year period is approximately

• A)6%.
• B)5%.
• C)3%.
• D)2.5%.
• E)1.5%.

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