Multiple Choice
The consumer price index is 132 in 2004 and 112 in 2003 when the base year is 1997.The 2004 annual inflation rate,using 2003 as a base year,is
A) 17.8 percent.
B) 20 percent.
C) 12 percent.
D) unknown,as there is not sufficient information.
Correct Answer:
Verified
Correct Answer:
Verified
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