Suppose that the CPI in Year 1 is 150 and the CPI in Year 2 is 200. The rate of inflation between Year 1 and Year 2 is:
A) 33.33%.
B) 50%.
C) 25%.
D) 14.28%.

Name: Suppose that the CPI in Year 1 is 150 and the CPI in Year 2 is 200. The rate of inflation between Year 1 and Year 2 is: A) 33.33%. B) 50%. C) 25%. D) 14.28%.
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Question

Quizplus · Accepted Answer

The rate of inflation is calculated as ((CPI in Year 2 - CPI in Year 1) / CPI in Year 1) * 100 = ((200 - 150) / 150) * 100 = 33.33%.

Suppose That the CPI in Year 1 Is 150 and the CPI