The table below shows the price index for China starting in 2000.
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Which of the following statements CORRECTLY describes the behavior of prices in China?
A) The cost of the CPI basket decreased in 2002.
B) China experienced a high price level and high inflation.
C) Inflation reached 73% between the base year and 2001.
D) The inflation rate between 2005 and 2006 was 14.4 percent.
Correct Answer:
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