If the consumer price index increases from 200 to 240 in a one-year period, then the inflation rate is D 16.67 percent 20 percent 25 percent. 40 percent 140 percent

Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter8: Economic Fluctuations, Unemployment, And Inflation
Section: Chapter Questions
Problem 12CQ
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If the consumer price index increases from 200 to 240 in a one-year period, then the inflation rate is
A
16.67 percent
20 percent
25 percent
40 percent
140 percent
0
Transcribed Image Text:If the consumer price index increases from 200 to 240 in a one-year period, then the inflation rate is A 16.67 percent 20 percent 25 percent 40 percent 140 percent 0
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