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If the CPI in 2015 was 112 and the CPI in 2016 was 116, then the rate of inflation between 2015 and 2016 was

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If the CPI in 2015 was 112 and the CPI in 2016 was 116, then the rate of inflation between 2015 and 2016 was

Question 1.

If the CPI in 2015 was 104.5 and the CPI in 2016 was 110.5, then the rate of inflation between 2015 and 2016 was

▸ 5.4%.

▸ 5.7%.

▸ 6.5%.

▸ 7.0%.

Question 2.

If the CPI in 2015 was 112 and the CPI in 2016 was 116, then the rate of inflation between 2015 and 2016 was

▸ 4.00%.

▸ 3.64%.

▸ 3.57%.

▸ 3.45%.

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

Read 85 times

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