At the beginning of 2007 the CPI was 154. At the beginning of 2008 the CPI was 169. What is the rate of inflation over that time period? Question 8 options: a) 20% b) 109% c) 9.7% d) 8.8%
At the beginning of 2007 the CPI was 154. At the beginning of 2008 the CPI was 169. What is the rate of inflation over that time period? Question 8 options: a) 20% b) 109% c) 9.7% d) 8.8%
Chapter17: Inflation
Section: Chapter Questions
Problem 5SQ
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At the beginning of 2007 the CPI was 154. At the beginning of 2008 the CPI was 169. What is the rate of inflation over that time period?
Question 8 options:
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