Multiple Choice
If the CPI in year 2 equals 110 and the CPI in year 3 equals 121, it can be concluded that consumer prices:
A) rose from year 2 to year 3 by 11 percent.
B) rose from year 2 to year 3 by 21 percent.
C) rose from year 2 to year 3 by 10 percent.
D) are the same in year 2 as in the base year.
Correct Answer:
Verified
Correct Answer:
Verified
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