$$\begin{array} { | l | l | }
\hline \text { Year } & \text { Price level } \
\hline 2008 & 91 \
\hline 2009 & 100 \
\hline 2010 & 110 \
\hline 2011 & 121 \
\hline
\end{array}$$
-In the above table, the inflation rate between 2008 and 2009 is approximately
A) 10 percent.
B) 0.9 percent.
C) 1 percent.
D) 100 percent.

Question

$$\begin{array} { | l | l | } 
\hline \text { Year } & \text { Price level } \
\hline 2008 & 91 \
\hline 2009 & 100 \
\hline 2010 & 110 \
\hline 2011 & 121 \
\hline
\end{array}$$
-In the above table, the inflation rate between 2008 and 2009 is approximately
A) 10 percent.
B) 0.9 percent.
C) 1 percent.
D) 100 percent.

Quizplus · Accepted Answer

The inflation rate is calculated as $\frac{100 - 91}{91} \times 100\% \approx 9.89\%$, which is approximately 10 percent.

-In the Above Table, the Inflation Rate Between 2008 and