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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 33
If the consumer price index in Year X was 300 and the CPI in Year Y was 315, the rate of inflation was
A) 5 per cent.
B) 15 per cent.
C) 25 per cent.
D) 315 per cent.
A) 5 per cent.
B) 15 per cent.
C) 25 per cent.
D) 315 per cent.
Explanation
Verified
Verified
= Base year price - current ye...
Economics for Today 9th Edition by Irvin Tucker
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