iple Choices
Answer (Choose 1 answer)
If the CPI was 120 this year and 100 last year, then
A. the inflation rate for this year was 20 percent higher than the inflation rate for last year.
B. the cost of the CPI basket of goods and services increased by 120 percent this year.
C. All of the answers are correct.
D. the price level increased by 20 percent this year.
