If the Consumer Price Index (CPI) for 1989 was 124, the rate of inflation between the base period and 1989 was _ _ _ __? 24 percent, 2.4 percent, 14 percent, 1.4 percent?
Accepted Solution
A:
If the CPI for 1989 was 124, the rate of the inflation between the base period and 1989 was 24%!