Over the period of 1926 to 2011,the average rate of inflation was _____%.
A) 2.0
B) 2.7
C) 3.1
D) 3.8
E) 4.3

Question

Quizplus · Accepted Answer

This answer can be calculated by finding the average annual rate of inflation for the years 1926-2011, which is approximately 3.1%. This is commonly calculated using the Consumer Price Index (CPI), which tracks the prices of a basket of goods and services over time. The CPI is used to measure inflation, and the average rate of inflation can be calculated by dividing the percentage increase in the CPI over the time period by the number of years in the period.

Over the Period of 1926 to 2011,the Average Rate of Inflation