In the following index: 2003 = 123.3; 2004 = 145.3; 2005 = 111.4; 2006 = 100; 2007 = 94.3, what is the rate of change from 2006 to 2007?
a. 5.7%
b. 5%
c. 4.3%
d. 2.5%
e. unable to determine
A
Economics
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