-Refer to Table 5-2. Using the GDP deflator to measure the average level of prices and using 2017 as the base year, what is the economy's inflation rate?
A) 20 percent for 2018 and 12.5 percent for 2019
B) 20 percent for 2018 and 30 percent for 2019
C) 25 percent for 2018 and 28 percent for 2019
D) 44.7 percent for 2018 and 45.5 percent for 2019

Question

-Refer to Table 5-2. Using the GDP deflator to measure the average level of prices and using 2017 as the base year, what is the economy's inflation rate?
A) 20 percent for 2018 and 12.5 percent for 2019 
B) 20 percent for 2018 and 30 percent for 2019 
C) 25 percent for 2018 and 28 percent for 2019 
D) 44.7 percent for 2018 and 45.5 percent for 2019

Quizplus · Accepted Answer

The Answer of 
-Refer to Table 5-2. Using the GDP deflator to measure the average level of prices and using 2017 as the base year, what is the economy's inflation rate?
A) 20 percent for 2018 and 12.5 percent for 2019 
B) 20 percent for 2018 and 30 percent for 2019 
C) 25 percent for 2018 and 28 percent for 2019 
D) 44.7 percent for 2018 and 45.5 percent for 2019