Multiple Choice
If the CPI was 99.6% in January 2001 and 128% in January 2005, what was the approximate annual inflation over the intervening period?
A) 28.4%
B) 7.1%
C) 6.4%
D) 5.0%
E) 0.4%
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q9: A valuable asset was priced at $1
Q10: An engineering project requires $20 000 as
Q11: Explain how Statistics Canada calculates the inflation
Q12: You want to invest $ 1 000
Q13: How does inflation affect the evaluation of
Q15: The equation that converts actual dollars into
Q16: The price of oil is rising at
Q17: A municipality decided to invest $500 000
Q18: Jason inherited $6 000 from his grandfather.
Q19: It is known that the inflation rate