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Suppose Rate of Inflation for Some Specific Year Was 10

Question 148

Multiple Choice

Suppose rate of inflation for some specific year was 10 percent.If the CPI for that year was 139.7, the previous year's CPI must have been:


A) 100.0.
B) 129.7.
C) 153.7.
D) 127.0.

Correct Answer:

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