Suppose that the price level for some economy were 100 in 2000, 110 in 2001, and 119 in 2002. The rate of inflation between 2000 and 2001 would be
A) 19.0 percent.
B) 9.9 percent.
C) 10.0 percent.
D) 9.1 percent.
E) none of the above.
Correct Answer:
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