Use the following to answer question :
-(Table: CPI II) Look at the table CPI II. Prices _____ between 2010 and 2011.
A)fell by 5%
B)fell by 4%
C)increased by 4%
D)increased by 5%

Question

Use the following to answer question : 
-(Table: CPI II) Look at the table CPI II. Prices _____ between 2010 and 2011.
A)fell by 5% 
B)fell by 4% 
C)increased by 4% 
D)increased by 5%

Quizplus · Accepted Answer

According to the table CPI II, the Consumer Price Index (CPI) decreased from 220 in 2010 to 211 in 2011. This is a decrease of 9, which represents a 4% decrease ((9/220)*100). Therefore, prices fell by 4% between 2010 and 2011.

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