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The following table shows the value of CPI for three years in a country. Which of the following is the annual inflation rate for 2005?
Lump-sum Amount
A fixed total amount that does not change with the level of output, activity, or number of beneficiaries.
Tax System
A framework of policies governing how taxes are collected from individuals and businesses by a governing authority.
Disproportionate
Significantly uneven or out of balance in comparison to something else.
Excise Tax
A tax imposed on specific goods, services, or transactions, often aimed at reducing their consumption or generating revenue.
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