Answered: If the CPI in period 1 is 125 and the…

If the CPI in period 1 is 125 and the CPI in period 2 is 150, then the rate of inflation between period 1 and period 2 is A) 20%. B) 25%. C) 30%. D) 50%

Principles of Economics, 7th Edition (MindTap Course List)

7th Edition

ISBN:9781285165875

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter24: Measuring The Cost Of Living

Section: Chapter Questions

Problem 5QCMC

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If the CPI in period 1 is 125 and the CPI in period 2 is 150, then the rate of inflation
between period 1 and period 2 is
A) 20%.
B) 25%.
C) 30%.
D) 50%

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