Suppose the price level this year is 150 and the price level last year was 125. The inflation rate between last year and this year was
A) 20 percent.
B) 16.6 percent.
C) 1.6 percent.
D) 2 percent.

Name: Suppose the price level this year is 150 and the price level last year was 125. The inflation rate between last year and this year was A) 20 percent. B) 16.6 percent. C) 1.6 percent. D) 2 percent.
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Question

Quizplus · Accepted Answer

The inflation rate is calculated as ((150 - 125) / 125) * 100 = 20 percent.

Suppose the Price Level This Year Is 150 and the Price