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  • 27-05-2024
  • Business
Answered

Which of the following pairs of values of the consumer price index (CPI) is consistent with an inflation rate of 2 percent from 2020 to 2021?

A. CPI in 2020 = 100; CPI in 2021 = 105 .2
B. CPI in 2020 = 90; CPI in 2021 = 94.2
C. CPI in 2020 = 110; CPI in 2021 = 107.8
D. CPI in 2020 = 110; CPI in 2021 = 112.2

Verified Answer :

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