If the consumer price index was 100 in the base year and 114 the following year,what was the inflation rate?
A) 1.4 percent
B) 11.4 percent
C) 14 percent
D) 114 percent
Correct Answer:
Verified
Q21: Q22: Which change in the price index shows Q23: The price index in the first year Q30: For any given year, what is the Q32: The price index is 190 in one Q34: The price index in the first year Q36: How is the inflation rate calculated? Q39: Which price changes when an inflation rate Q39: The price index in 2014 is 120,and Q41: Which of the following is NOT included
A) by
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