Multiple Choice
If 2015 is the base year and the inflation rate between 2015 and 2016 is 6.4%, the price index in 2016 is
A) 106.4.
B) 64.0.
C) 16.4.
D) cannot be determined from this information because the index in the base year is not given
Correct Answer:
Verified
Correct Answer:
Verified
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