If this year the price level is 135 and last year it was 125, the inflation rate is__________
A) 8 percent.
B) 12 percent.
C) 10 percent.
D) none of the above

Name: If this year the price level is 135 and last year it was 125, the inflation rate is__________ A) 8 percent. B) 12 percent. C) 10 percent. D) none of the above
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Question

Quizplus · Accepted Answer

The inflation rate is calculated as ((135 - 125) / 125) * 100 = 8 percent.

If This Year the Price Level Is 135 and Last