The price index in 2012 is 120,and in 2013 it is 127.2.What is the inflation rate?
A) 5 percent
B) 6 percent
C) 7.2 percent
D) 8.4 percent
Correct Answer:
Verified
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
Q27: If the consumer price index was 100
Q28: The price index is 270 in one
Q30: Table 6-3
In the country of Shem,
Q30: For any given year, what is the
Q36: The price index in the first year
Q40: If this year the CPI is 125
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents