Suppose the CPI Was 132

question 1

Multiple Choice

Suppose the CPI was 132.00 in 1997 and is 135.30 in 1998. What is the rate of inflation over the period?

• A) 2.43 percent.
• B) 2.5 percent.
• C) 3.3 percent.
• D) 9.77 percent.

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