If the CPI is 200 one year and 206 the next year,the annual rate of inflation as measured by the CPI is approximately
A)103 percent
B)1 percent
C)6 percent
D)3 percent
E)206 percent

Name: If the CPI is 200 one year and 206 the next year,the annual rate of inflation as measured by the CPI is approximately A)103 percent B)1 percent C)6 percent D)3 percent E)206 percent
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Quizplus · Accepted Answer

The annual rate of inflation is calculated as ((206 - 200) / 200) * 100 = 3 percent.

If the CPI Is 200 One Year and 206 the Next