If the CPI in 2015 was 114.7 and the CPI in 2016 was 124.5, then the rate of inflation between 2015 and 2016 was Select one: O a. 9.8%. b. 14.7%. C. 8.5%.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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If the CPI in 2015 was 114.7 and the CPI in 2016 was 124.5, then the
rate of inflation between 2015 and 2016 was
Select one:
a. 9.8%.
b. 14.7%.
c. 8.5%.
d. 7.9%.
Transcribed Image Text:If the CPI in 2015 was 114.7 and the CPI in 2016 was 124.5, then the rate of inflation between 2015 and 2016 was Select one: a. 9.8%. b. 14.7%. c. 8.5%. d. 7.9%.
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