The Table Below Shows the Price Index for China Starting

question 268

Multiple Choice

The table below shows the price index for China starting in 2000. $$\begin{array} { | l | l | } \hline \text { Year } & \text { Price Index } \\\hline 2000 & 100.0 \\\hline 2001 & 100.73 \\\hline 2002 & 99.95 \\\hline 2003 & 101.12 \\\hline 2004 & 105.06 \\\hline 2005 & 106.95 \\\hline 2006 & 108.52 \\\hline\end{array}$$
Which of the following statements correctly describe the behavior of prices in China?

• A) The inflation rate between 2005 and 2006 was 14.4 percent.
• B) China experienced a high price level and high inflation.
• C) Inflation reached 73% between the base year and 2001.
• D) The cost of the CPI basket decreased in 2002.

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Definitions:

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