In 1967,the Canadian consumer price index was 18 (2002 = 100)and in 1999 it was 93.From these figures we can conclude that Canadian prices increased by about __________ between 1967 and 1999.

Question

Quizplus · Accepted Answer

First, we need to calculate the percentage increase in prices:
((93-18)/18) x 100 = 416.7%
Rounding to one decimal place, prices increased by about 417%. Therefore, the answer is E.

In 1967,the Canadian Consumer Price Index Was 18 (2002 =