If the price index in period 3 is 125 and the price index in period 4 is 120, the rate of inflation between period 3 and period 4 is

Name: If the price index in period 3 is 125 and the price index in period 4 is 120, the rate of inflation between period 3 and period 4 is
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Question

Quizplus · Accepted Answer

The rate of inflation is calculated as the percentage change in the price index between two periods. In this case, the rate of inflation between period 3 and period 4 is:(120 - 125) / 125 * 100 = -4%

If the Price Index in Period 3 Is 125 and the Price