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    Principles of Macroeconomics Study Set 12
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    Exam 7: Unemployment, Inflation, and Long-Run Growth
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    If the CPI in 2015 Was 114
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If the CPI in 2015 Was 114

Question 38

Question 38

Multiple Choice

If the CPI in 2015 was 114.7 and the CPI in 2016 was 124.5, then the rate of inflation between 2015 and 2016 was


A) 7.9%.
B) 8.5%.
C) 9.8%.
D) 14.7%.

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