From 2009 to 2013,the price level in the U.S.has increased by 8.3 percent.This implies that the price index in 2012 was:
A)108.3.
B)183.
C)100.
D)98.3.
E)92.7.

Question

Quizplus · Accepted Answer

The increase of 8.3 percent means that the price level in 2013 was 108.3 percent of the price level in 2009. Therefore, the price index in 2012 (which is in between 2009 and 2013) would be slightly lower than 108.3, but still closer to 108.3 than any other answer choice.

From 2009 to 2013,the Price Level in the U