Suppose that the consumer price index of a country was 160 at Year X and 168 at the end of Year Y. What was the country's inflation rate during Year Y?
A) 5 percent.
B) 8 percent.
C) 60 percent.
D) 68 percent.

Name: Suppose that the consumer price index of a country was 160 at Year X and 168 at the end of Year Y. What was the country's inflation rate during Year Y? A) 5 percent. B) 8 percent. C) 60 percent. D) 68 percent.
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Question

Quizplus · Accepted Answer

The inflation rate is calculated as ((168 - 160) / 160) * 100 = 5 percent.

Suppose That the Consumer Price Index of a Country Was