Solved

Suppose the CPI Last Year Is 121 and the CPI

Question 333

Multiple Choice

Suppose the CPI last year is 121 and the CPI this year is 137. The correct method to calculate the inflation rate is

A) 137 - 121) /100 = 0.16.
B) 137/121) × 100 = 113.2.
C) 137 × 121 = 258.
D) [137 - 121) /121] × 100 = 13.2.

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