If the consumer price index was 100 in the base year and 107 in the following year, then the inflation rate was
A.
negative 10.7 percent
B.
1.07 percent
C.
7 percent.
D.
10.7 percent.
Exam No：AP Macroeconomics Problem Set 1 Year：2024 Question No：APMacroeconomics2024AP0128
Answer:
C
Knowledge points:
2.4 Price Indices and Inflation
Solution:
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