If the Consumer Price Index in year 1 was 131 and the rate of inflation was 6.1% what is the Consumer Price Index in year 2?
A) 7.86
B) 123.5
C) 139
D) 209.6
Correct Answer:
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Q2: Providing a common measure of the worth
Q3: A measure used to calculate inflation is
Q4: When money is used to purchase a
Q5: A decline in the overall prices of
Q6: A price level of 120 means that
Q7: You decide you want to compare your
Q8: Purchasing power
A)reflects the number of goods and
Q9: Inflation is
A)the rise in all prices in
Q10: Using money earned today for future purchases
Q11: Which of the following is not a
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