If the CPI Is 231 $\frac { ( 241.2 - 231.4 ) } { 231.4 }$

question 70

Multiple Choice

If the CPI is 231.4 in one year and is 241.2 in the next year, then the inflation rate equals

• A) (241.2-231.4) × 100.
• B) \(\frac { ( 241.2 - 231.4 ) } { 231.4 }\) × 100.
• C) \(\frac { ( 241.2 - 231.4 ) } { 241.2 }\) × 100.
• D) \(\frac { ( 231.4 - 241.2 ) } { 231.4 }\) × 100.
• E) \(\frac { ( 231.4 - 241.2 ) } { 241.2 }\) × 100.

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Definitions:

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A designated amount of money paid at regular intervals by an individual or entity for a policy or service, especially in the context of insurance.

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