Suppose that the CPI in 1999 was 125.2 and the CPI in 2000 was 139.1. The rate of inflation between 1999 and 2000 was:
A) 13.9%.
B) 11.1%.
C) 12.9%.
D) 14.3%.

Name: Suppose that the CPI in 1999 was 125.2 and the CPI in 2000 was 139.1. The rate of inflation between 1999 and 2000 was: A) 13.9%. B) 11.1%. C) 12.9%. D) 14.3%.
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Question

Quizplus · Accepted Answer

The rate of inflation is calculated as ((CPI in 2000 - CPI in 1999) / CPI in 1999) * 100 = ((139.1 - 125.2) / 125.2) * 100 = 11.1%.

Suppose That the CPI in 1999 Was 125