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    Principles of Microeconomics Study Set 1
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    Exam 8: The Price Level and Inflation
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    Suppose That the Consumer Price Index of a Country Was
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Suppose That the Consumer Price Index of a Country Was

Question 118

Question 118

Multiple Choice

Suppose that the consumer price index of a country was 160 at Year X and 164 at the end of Year Y.What was the country's inflation rate during Year Y?


A) 5%
B) 2.5%
C) 64%
D) 164%
E) 32%

Correct Answer:

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