Exhibit 13-1 Consumer Price Index
Year
ConsumerPrice Index
1
100
2
110
3
115
4
120
5
125
As shown in Exhibit 13-1, the rate of inflation for Year 2 is:

A. 5 percent.
B. 10 percent.
C. 20 percent.
D. 25 percent.


Answer: B

Economics

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