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If the CPI Was 228 at the End of 2013

Question 1

Multiple Choice

If the CPI was 228 at the end of 2013 and 236 at the end of 2014, what was the inflation rate in 2014?

A) 8 percent
B) 236 percent
C) 3.5 percent
D) 3.4 percent
E) 4 percent

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