If the CPI Was 110 This Year and 100 Last

question 113

Multiple Choice

If the CPI was 110 this year and 100 last year,then

• A)the cost of the CPI basket of goods and services increased by 10 percent this year.
• B)the price level increased by 110 percent this year.
• C)the inflation rate for this year was 10 percent higher than the inflation rate for last year.
• D)All of the above are correct.

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