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    Economics for Business
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    Exam 10: Measuring Macroeconomic Variables and Policy Issues
  5. Question
    If the Value of the Price Index Was 103 in 2009
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If the Value of the Price Index Was 103 in 2009

Question 3

Question 3

Multiple Choice

If the value of the price index was 103 in 2009 and 105 in 2010, what was the inflation rate in 2010?


A) 2.2%
B) 2.1%
C) 2%
D) 1.9%

Correct Answer:

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