Question
The basket of goods representing the CPI was valued at $30,000 in the reference year. Ten years later the price of this basket increased to
The basket of goods representing the CPI was valued at $30,000 in the reference year. Ten years later the price of this basket increased to $38,000. What is the annual inflation rate over this 10 year period?
a. 1.80%
b. 2.39%
c. 2.95%
d. 2.73%
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The Language Of Influence And Personal Power
Authors: Scott Hagan
1st Edition
1944833560, 978-1944833565
