If the consumer price index falls from 120 to 116 in a particular year, the economy...
Homework Answers
Answer
Option
c. deflation of 3.33 percent
inflation =((CPI of the year -CPI of last year)/CPI of last year)*100
=((116-120)/120)*100
=-3.33333333
=-3.33%
the negative inflation means deflation so it is a deflation of 3.33%
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If the consumer price index falls from 120 to 116 in a
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