If the consumer price index was 100 in the base year and 107 the following year,what was the inflation rate?
A) 107 percent
B) 10.7 percent
C) 7.0 percent
D) 0.7 percent
Correct Answer:
Verified
Q23: The price index is 320 in one
Q23: The price index is 180 in one
Q24: Table 6-3
In the country of Shem,
Q25: Which of the following prices change when
Q26: The market basket used to calculate the
Q28: The price index is 270 in one
Q29: The price index in 2012 is 120,and
Q30: Table 6-3
In the country of Shem,
Q36: How is the inflation rate calculated?
A) by
Q40: If this year the CPI is 125
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