The price index in 2014 is 120,and in 2015 it is 127.2.What is the inflation rate?
A) 5 percent
B) 6 percent
C) 7.2 percent
D) 8.4 percent
Correct Answer:
Verified
Q21: Q22: Which change in the price index shows Q23: The price index in the first year Q36: How is the inflation rate calculated? Q36: If the consumer price index was 100 Q39: Which price changes when an inflation rate Q41: Which of the following is NOT included Q43: Table 6-5 Q49: Which of the following is NOT a Q50: What does "substitution bias" in the consumer
A) by
This table pertains to an economy
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