The table below shows the price index for China starting in 2000.
Which of the following statements correctly describe the behavior of prices in China?
A) The cost of the CPI basket decreased in 2002.
B) China experienced a high price level and high inflation.
C) The inflation rate between 2005 and 2006 was 14.4 percent.
D) Inflation reached 73% between the base year and 2001.

Question

The table below shows the price index for China starting in 2000. 
Which of the following statements correctly describe the behavior of prices in China?
A) The cost of the CPI basket decreased in 2002. 
B) China experienced a high price level and high inflation. 
C) The inflation rate between 2005 and 2006 was 14.4 percent. 
D) Inflation reached 73% between the base year and 2001.

Quizplus · Accepted Answer

The Answer of The table below shows the price index for China starting in 2000. 
Which of the following statements correctly describe the behavior of prices in China?
A) The cost of the CPI basket decreased in 2002. 
B) China experienced a high price level and high inflation. 
C) The inflation rate between 2005 and 2006 was 14.4 percent. 
D) Inflation reached 73% between the base year and 2001.

The Table Below Shows the Price Index for China Starting