If the CPI was 110 last year and is 121 this year, what is this years rate
Question:
(a) 2,
(b) 5,
(c) 10 percent per year?
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This years rate of inflation is 10 or 121 110110 x 100 Dividi...View the full answer
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Related Book For
Economics
ISBN: 978-0073375694
18th edition
Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn
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