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If the Consumer Price Index (CPI)was 120 at Year-End 2008

Question 221

Multiple Choice

If the consumer price index (CPI) was 120 at year-end 2008 and 126 at year-end 2009,inflation during 2009 was approximately

A) 4 percent.
B) 5 percent.
C) 6 percent.
D) 7 percent.

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