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Suppose the Consumer Price Index Was 140

Question 61

Multiple Choice

Suppose the consumer price index was 140.3 in 2013 and 144.5 in 2014.Therefore, the rate of inflation for 2014 was about:

A) 6.7 percent.
B) 3.0 percent.
C) 1.2 percent.
D) 13.6 percent.

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