The price index was 320 in one year and 360 in the next year.What was the inflation rate?
A) 9 percent
B) 11.1 percent
C) 12.5 percent
D) 40 percent
Correct Answer:
Verified
Q17: To calculate the CPI,the Bureau of Labor
Q26: The inflation rate is calculated
A)by determining the
Q38: If 2004 is the base year,
Q39: If 2002 is the base year,
Q48: Suppose a basket of goods and services
Q49: Between October 2001 and October 2002, the
Q54: The price index was 120 in 2006
Q56: For an imaginary economy, the value of
Q107: From 2004 to 2005,the CPI for medical
Q115: If the consumer price index was 80
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