Economics 9708 · AS & A Level · Balance of payments

Balance of payments — practice question

Using US Consumer Prices Index (CPI) statistics, a good identical to one that cost $100 in 1913 would have cost $2359.60 in 2013. What was the approximate cumulative inflation rate over this period?

  • A23%
  • B230%
  • C2300%
  • D23 000%

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