If the price index in Year 1 is 115 and the price index in Year 2 is 120, the rate of inflation between Year 1 and Year 2 is:
A) 4.3%.
B) 15%.
C) 10.7%.
D) 1.2%.

Name: If the price index in Year 1 is 115 and the price index in Year 2 is 120, the rate of inflation between Year 1 and Year 2 is: A) 4.3%. B) 15%. C) 10.7%. D) 1.2%.
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Question

Quizplus · Accepted Answer

The rate of inflation is calculated as ((120 - 115) / 115) * 100 = 4.3%.

If the Price Index in Year 1 Is 115 and the Price