Multiple Choice
At the end of last year the Consumer Price Index was equal to 163.8 and at the end of this year it was equal to 157.5. What is the inflation rate over this time period?
A) 4.0 percent
B) 6.3 percent
C) 10.1 percent
D) 3.85 percent
Correct Answer:
Verified
Related Questions
Q279: The first step in measuring the CPI
Q280: The Consumer Price Index is a measure
Q281: If the price level last year was
Q282: If the Consumer Price Index last year
Q283: If the CPI was 121.5 at the
Q285: If the CPI for this year is
Q286: Last year's price level was 120 and
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents