A Country's Consumer Price Index Was 124

question 16

Multiple Choice

A country's consumer price index was 124.0 at the end of year 1 and 130.7 at the end of year 2.Therefore,the rate of inflation during year 2 was about:

• A)6.7 percent
• B)5.4 percent
• C)3.2 percent
• D)13.6 percent
• E)15.4 percent

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