The price index is 320 in one year and 360 in the next.What was the inflation rate?
A) 6.7 percent
B) 8.0 percent
C) 11.1 percent
D) 12.5 percent
Correct Answer:
Verified
Q16: When the overall level of prices in
Q17: How does a rise in the consumer
Q19: Table 6-2 Q21: Table 6-3 Q24: Table 6-3 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 Q36: How is the inflation rate calculated?
In the country of Shem,
In the country of Shem,
A) by
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