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Economic policy objectives

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Question 23

In a given economy, the Consumer Prices Index (CPI) was recorded at 142.5 in December 2022 and fell to 133.8 in December 2023 due to a contraction in aggregate demand. What was the annual rate of inflation for 2023, to one decimal place, as measured by this CPI?

$−6.5%-6.5\%$

$−6.1%-6.1\%$

$−8.7%-8.7\%$

$+6.1%+6.1\%$

Economic policy objectives Questions

A Level
Economics
Economic policy objectives