Multiple Choice
From October 2018 to October 2019, the CPI in country A rose from 116.5 to 119.8. In country B, it rose from 97.2 to 102.3. What were the inflation rates in the two countries?
A) 3.3 percent in A and 6.7 percent in B
B) 3.3 percent in A and 5.2 percent in B
C) 2.8 percent in A and 6.7 percent in B
D) 2.8 percent in A and 5.2 percent in B
Correct Answer:

Verified
Correct Answer:
Verified
Q87: How often does the basket of goods
Q88: Suppose that dairy products have risen in
Q89: Which statement best describes the evolution of
Q90: The 2019 CPI was 225 and the
Q91: If the current-year CPI is 140, then,
Q93: What is the basket of goods used
Q94: Jake loaned Elwood $6000 for one year
Q95: Compute how much each of the following
Q96: Which situation is described by the term
Q97: Which price changes when an inflation rate