The price index was 120 in 2012 and 126 in 2013.What was the inflation rate?
A) 5.0 percent
B) 6.0 percent
C) 7.2 percent
D) 105 percent
Correct Answer:
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Q20: Reports on the current consumer price index
Q21: Suppose a basket of goods and services
Q22: Suppose a basket of goods and services
Q23: The inflation rate is calculated
A)by determining the
Q25: If 2012 is the base year,then the
Q26: The inflation rate is calculated
A)by determining the
Q27: Suppose a basket of goods and services
Q28: Suppose a basket of goods and services
Q29: Suppose a basket of goods and services
Q147: The steps involved in calculating the consumer
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