The consumer price index (CPI) in 1975 was 29.The CPI in 1976 was 31.1.The rate of inflation between 1975 and 1976 was
A) 3.00%.
B) 5.26%.
C) 6.75%.
D) 7.24%.
E) 8.70%.
Correct Answer:
Verified
Q22: Deflation is a situation in which the
A)
Q23: The consumer price index (CPI)in 1974 was
Q24: If the consumer price index is 125
Q25: A situation of negative inflation is called
A)
Q26: The consumer price index (CPI)in 1930 was
Q28: If the consumer price index (CPI)decreases,
A) the
Q29: Inflation exists when
A) the prices of ALL
Q30: The consumer price index (CPI)in year one
Q31: The annual percentage rate of change in
Q32: Suppose total expenditures for a typical household
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