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If the Consumer Price Index (CPI)is 160 One Year and 175

Question 127

Multiple Choice

If the consumer price index (CPI) is 160 one year and 175 the next,the annual rate of inflation as measured by the CPI is approximately _____.

A) 4.5 percent
B) 8.6 percent
C) 9.4 percent
D) 15 percent
E) 175 percent

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