Suppose in year 1 the CPI is 90,in year 2 the CPI is 100,and in year 3 the CPI is 110.Then,inflation is
A) 100 percent in year 1.
B) 11 percent between years 1 and 2.
C) 11 percent between years 2 and 3.
D) 10 percent between years 2 and 3.
E) Both answers B and D are correct.
Correct Answer:
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