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Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111 Exercise 35
If the consumer price index (CPI) in Year X was 300 and the CPI in Year Y was 325, the rate of inflation for Year Y was
A) 325 percent.
B) 25 percent.
C) 5 percent.
D) 8 percent.
A) 325 percent.
B) 25 percent.
C) 5 percent.
D) 8 percent.
Explanation
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Verified
The formula for calculating inflation ra...
Economics for Today 9th Edition by Irvin Tucker
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