Calculating Average Annual Inflation
Over a two-year period, a country’s Consumer Price Index (CPI) increased from 110 to 121. Which of the following is the best estimate of the average annual inflation rate for this period?
A
2.46%
B
Approximately 4.92%
C
10%
D
5.5%
Question Leaderboard
| Rank | |||||
|---|---|---|---|---|---|
| #1 | ringoletto.lisc | 1 | 1 | 0m 00s | 100 |
| #2 | myigitali15 | 1 | 1 | 0m 58s | 42 |
| #3 | azrafh2165 | 0 | 1 | 1m 44s | -114 |
Items per page:
10
1 – 3 of 3