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    Economics Contemporary Issues
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    Exam 14: Inflation: a Monetary Phenomenon
  5. Question
    Suppose the CPI Is Currently 147
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Suppose the CPI Is Currently 147

Question 30

Question 30

Essay

Suppose the CPI is currently 147. If the CPI last year was 140, what was the rate of inflation over the period.

Correct Answer:

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The rate of inflation is calculated as:
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