The Consumer Price Index Is 132 in 2004 and 112

question 86

Multiple Choice

The consumer price index is 132 in 2004 and 112 in 2003 when the base year is 1997.The 2004 annual inflation rate,using 2003 as a base year,is

• A)17.8 percent.
• B)20 percent.
• C)12 percent.
• D)unknown,as there is not sufficient information.

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Definitions:

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