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If the Consumer Price Index Changes from 120 to 125

Question 71

Multiple Choice

If the consumer price index changes from 120 to 125 between December 2009 and December 2010, the:

A) inflation rate for 2010 is 4.2%.
B) inflation rate for 2010 is 5%.
C) deflation rate for 2010 is 5%.
D) deflation rate for 2010 is 4.2%.

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