Multiple Choice
Suppose the consumer price index was 100 in 2000 and 300 in 2010.This implies that the average price level:
A) increased by 20 percent during this period.
B) increased by 100 percent during this period.
C) increased by 200 percent during this period.
D) increased by 300 percent during this period.
Correct Answer:
Verified
Correct Answer:
Verified
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