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Suppose That the CPI Was 105 on Jan 1, 2008

Question 27

Multiple Choice

Suppose that the CPI was 105 on Jan 1, 2008 and 117 on Jan 1, 2011. What was the average annual inflation over the intervening period?

A) 4.00%
B) 3.97%
C) 3.87%
D) 3.77%
E) 3.67%

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