The consumer price index (CPI)in year one was 145.The CPI in year two was 151.The rate of inflation between years one and two was
A) 4.0%.
B) 4.1%.
C) 4.5%.
D) 5.1%.
E) 6.0%.

Name: The consumer price index (CPI)in year one was 145.The CPI in year two was 151.The rate of inflation between years one and two was A) 4.0%. B) 4.1%. C) 4.5%. D) 5.1%. E) 6.0%.
Brand: Quizplus
Rating: 4.8 (33 reviews)

Question

Quizplus · Accepted Answer

The rate of inflation is calculated as ((CPI in year two - CPI in year one) / CPI in year one) * 100 = ((151 - 145) / 145) * 100 = 4.1%.

The Consumer Price Index (CPI)in Year One Was 145