Which of the following pairs of values of the consumer price index (CPI)is consistent with an inflation rate of 10 percent for 2014?
A)CPI in 2014 = 90;CPI in 2015 = 100
B)CPI in 2014 = 102;CPI in 2015 = 112
C)CPI in 2013 = 210;CPI in 2014 = 220
D)CPI in 2013 = 210;CPI in 2014 = 231

Question

Quizplus · Accepted Answer

The inflation rate is calculated as the percentage change in the CPI from one year to the next. In this case, the inflation rate is 10 percent, which means that the CPI in 2015 should be 110 percent of the CPI in 2014. Choice D is the only choice that meets this condition.

Which of the Following Pairs of Values of the Consumer