The inflation rate in 2007 is
A) the percentage of change between the price index in 2007 and the price index in the base year.
B) the percentage of change between the price index in 2007 and the price index in 2006.
C) the difference between the value of price index 2007 and the value of the price index in 2006.
D) the ratio of the 2007 price index and 2006 price index.
Correct Answer:
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