Multiple Choice
Use the following to answer questions.
Exhibit: Consumer Price Index for a City
-(Exhibit: Consumer Price Index for a City) The base year is 2002. Which of the following statements is true?
A) The rate of inflation was highest in 2005 as compared to 2004 prices.
B) Inflation in 2005 compared to 2004 prices was more than that in 2002 compared to 2001 prices.
C) The deflation rate was 5% in the year 2005.
D) The inflation rate fell between 2004 and 2005.
Correct Answer:
Verified
Correct Answer:
Verified
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