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Provide an Appropriate Response

Question 7

Multiple Choice

Provide an appropriate response.
-The Consumer Price Index is increasing at a rate of 8% per year. What is its doubling time? Use the approximate doubling time formula (rule of 70) .


A) 8.75 years
B) 256 years
C) 5.6 years
D) 16 years

Correct Answer:

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