Suppose that the CPI in Egypt was 111 in 2015 and 122 in 2016. The inflation rate between those two years was approximately:
A. 4.8 percent.
B. 5.5 percent.
C. 9.9 percent.
D. 11 percent.
Answer: C
Economics
You might also like to view...
Which of the following involves using resources to produce the maximum amount of goods and services?
a. utilization b. underutilization c. efficiency d. overefficiency
Economics
An unchallenged monopoly in a product market has a tendency to be lazy, but that tendency can be limited by the capital market
Indicate whether the statement is true or false
Economics