If 1999 Is the Base Year and the Inflation Rate

question 60

Multiple Choice

If 1999 is the base year and the inflation rate between 1999 and 2000 is 7%, the price index in 2000 must be equal to:

• A) 170.
• B) 107.
• C) 70.
• D) cannot be determined from this information because the index in the base year is not given

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