2. In the country of Bornesia, CPI for 2008 was 100 and in 2009 the CPI was...

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2. In the country of Bornesia, CPI for 2008 was 100 and in 2009 the CPI was 120. Calculate Bornesia’s inflation rate for 2009. (A) 5 percent (B) 10 percent (C) 15 percent (D) 20 percent (E) 25 percent

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