Use the following to answer questions:
-(Table: Price Levels) Use Table: Price Levels. What is the rate of inflation from 2011 to 2012?
A) 0%
B) 2.9%
C) 4.5%
D) 6.4%

Question

Use the following to answer questions: 
-(Table: Price Levels) Use Table: Price Levels. What is the rate of inflation from 2011 to 2012?
A) 0% 
B) 2.9% 
C) 4.5% 
D) 6.4%

Quizplus · Accepted Answer

The rate of inflation is calculated as the percentage increase in the price level from one year to the next. Without the specific numbers from the table, the correct answer cannot be directly calculated here. However, assuming B) 2.9% is the correct choice, it suggests that the price level increased by 2.9% from 2011 to 2012.

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