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 percent
D) 0.7 percent
Correct Answer:
Verified
Q23: The price index is 180 in one
Q24: Use the following information to answer the
Q25: Which of the following prices change when
Q25: If the price index in the first
Q26: Use the following information to answer the
Q27: The price index is 270 in one
Q29: How is the inflation rate calculated?
A)from a
Q33: Which change in the price index shows
Q34: The price index in the first year
Q40: If this year the CPI is 125
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