Multiple Choice
Suppose that the consumer price index of a country was 160 at Year 1 and 164 at the end of Year 2.What was the country's inflation rate during Year 2?
A) 5 percent
B) 2.5 percent
C) 64 percent
D) 164 percent
E) 32 percent
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q122: According to the consumer price index (CPI),in
Q123: Let's say a bottle of Dr.Wells (an
Q124: What is one reason why a government
Q125: Explain how inflation redistributes wealth,and under what
Q126: Explain why it makes sense that the
Q128: In Felixania,cat food constitutes 45 percent of
Q129: If inflation is estimated by an index
Q130: A one-pound bag of Oreos cost 32
Q131: Typically,the largest percentage category in the consumer
Q132: According to the July 2015 consumer price