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Multiple choice

Given the following information, what is the rate of inflation in the year $2002$? Year Price Index Value $1998$ $100$ $1999$ $125$ $2000$ $175$ $2001$ $200$ $2002$ $225$

  1. $100\%$
  2. $25\%$
  3. $225\%$
  4. $200\%$
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C Correct answer

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