Multiple Choice
According to the Bank of Canada's website,Canada's Consumer Price Index (CPI) in August 2009 was 114.7,August 2010 was 116.7,August 2011 was 120.3 and August 2012 was 121.8.Given this set of index numbers,what is the percentage change in the average level of prices between August 2009 and August 2012?
A) 114.7%
B) 6.2%
C) 7.1%
D) 5.8%
E) 121.8%
Correct Answer:
Verified
Correct Answer:
Verified
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