Answered: If the consumer price index is given as…

If the consumer price index is given as 100 in 1992 and in 2004 it is 150, how much inflation occurred during the time period? 50% 100% 150% 5,000%

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter17: Inflation

Section: Chapter Questions

Problem 5SQ

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If the consumer price index is given as 100 in 1992 and in 2004 it is 150, how much inflation occurred during the time period?

50%

100%

150%

5,000%

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