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AP® Macroeconomics

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Calculating the Rate of Inflation in Country X

APMACR-4J@S3H

In Country X, the CPI in 2014 was 120. In 2015, the CPI was 150. What was the rate of inflation that Country X experienced from 2014 to 2015?

A

15%

B

20%

C

25%

D

30%

E

40%