If the CPI changes from 106 in one year to 110 the next, the rate of inflation over that time period is
A) 4%.
B) 216%.
C) 103.77%.
D) 3.77%.

Name: If the CPI changes from 106 in one year to 110 the next, the rate of inflation over that time period is A) 4%. B) 216%. C) 103.77%. D) 3.77%.
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Question

Quizplus · Accepted Answer

The rate of inflation is calculated as the percentage change in the CPI, which is (110 - 106) / 106 * 100 = 3.77%.

If the CPI Changes from 106 in One Year to 110