Refer to the following table to answer the following questions:
-As presented in the table,the rate of inflation from 1999-2000 was (rounded to two decimal places)
A) 7.00 percent.
B) 80.00 percent.
C) 87.00 percent.
D) 8.75 percent.
E) 10.00 percent.

Question

Refer to the following table to answer the following questions: 
-As presented in the table,the rate of inflation from 1999-2000 was (rounded to two decimal places)
A) 7.00 percent. 
B) 80.00 percent. 
C) 87.00 percent. 
D) 8.75 percent. 
E) 10.00 percent.

Quizplus · Accepted Answer

To calculate the rate of inflation, we need to find the percentage increase in the CPI from 1999 to 2000.

From the table, we can see that the CPI increased from 80 to 87, which is a difference of 7.

To calculate the percentage increase, we use the formula:

Percentage increase = (Difference ÷ Original value) x 100%

Plugging in the values, we get:

Percentage increase = (7 ÷ 80) x 100%

Percentage increase = 8.75%

Therefore, the rate of inflation from 1999-2000 was 8.75% or choice letter D.

Refer to the Following Table to Answer the Following Questions