Solved

If the Consumer Price Index Was 170 in One Year

Question 1

Multiple Choice

If the consumer price index was 170 in one year and 180 in the next year, then the rate of inflation from one year to the next was approximately:

A) 5.5 percent.
B) 5.9 percent.
C) 5.3 percent.
D) 7.2 percent.

Related Questions

Q5: In 2018, the labour force in Canada

Q6: Which of the following Canadian provinces had

Q7: As applied to the price level, the

Q8: If the natural rate of unemployment was

Q11: When unanticipated deflation occurs:<br>A)creditors and people with

Q65: Demand-pull inflation<br>A)occurs when prices of resources rise,

Q86: The type of unemployment associated with recessions

Q191: The production of durable goods is more

Q215: In Year 1, the price level was

Q244: A headline states, "Real GDP falls again