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A Country's Consumer Price Index Was 124

Question 16

Multiple Choice

A country's consumer price index was 124.0 at the end of year 1 and 130.7 at the end of year 2.Therefore,the rate of inflation during year 2 was about:


A) 6.7 percent
B) 5.4 percent
C) 3.2 percent
D) 13.6 percent
E) 15.4 percent

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