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Suppose That the Consumer Price Index (CPI) in the Country

Question 50

Multiple Choice

Suppose that the Consumer Price Index (CPI) in the country of Stewarton on May 2015 was 110 and on May 2016 was 115. The rate of inflation in Stewarton between May 2015 and May 2016 was _____ percent.


A) 5.5
B) 5
C) 4.5
D) 4

Correct Answer:

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