Multiple Choice
If the price index is P1 in one year and P2 in the next year,the inflation rate from one year to the next is calculated as
A) (P2 - P1) × 100.
B) (P2/P1) × 100.
C) (P1/P2) × 100.
D) [(P2 - P1) /P1] × 100.
E) [(P1 - P2) /P2] × 100.
Correct Answer:
Verified
Correct Answer:
Verified
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