Answered: If the Consumer Price Index rises from…

If the Consumer Price Index rises from 140 in a year to 150 in the following year, the rate of inflation in that year is: 7.14% 10% 6.67% 1.07%

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter17: Inflation

Section: Chapter Questions

Problem 5SQ

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Question

If the Consumer Price Index rises from 140 in a year to 150 in the following year, the rate of
inflation in that year is:
7.14%
10%
6.67%
1.07%

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