Multiple Choice
In which of the following cases was the inflation rate 12 percent over the last year?
A) One year ago the price index had a value of 110 and now it has a value of 120.
B) One year ago the price index had a value of 120 and now it has a value of 132.
C) One year ago the price index had a value of 134 and now it has a value of 150.
D) One year ago the price index had a value of 145 and now it has a value of 163.
Correct Answer:
Verified
Correct Answer:
Verified
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