Suppose that the consumer price index at year-end 2008 was 140 and by year-end 2009 had risen to 150. What was the inflation rate during 2009?
A) 7.1 percent
B) 10 percent
C) 14.2 percent
D) 50 percent

Name: Suppose that the consumer price index at year-end 2008 was 140 and by year-end 2009 had risen to 150. What was the inflation rate during 2009? A) 7.1 percent B) 10 percent C) 14.2 percent D) 50 percent
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Question

Quizplus · Accepted Answer

The inflation rate is calculated as ((150 - 140) / 140) * 100 = 7.1 percent.

Suppose That the Consumer Price Index at Year-End 2008 Was