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The Table Above Has Information About the CPI, Nominal Wage

Question 85

Multiple Choice

 Year  CPI  Nominal  Wage Rate  (dollars)   Nominal  Interest Rate  (percent)  201010015.00320119515.004201210317.009\begin{array} { c c c c } \hline \text { Year } & \text { CPI } & \begin{array} { c } \text { Nominal } \\\text { Wage Rate } \\\text { (dollars) }\end{array} & \begin{array} { c } \text { Nominal } \\\text { Interest Rate } \\\text { (percent) }\end{array} \\\hline 2010 & 100 & 15.00 & 3 \\2011 & 95 & 15.00 & 4 \\2012 & 103 & 17.00 & 9 \\\hline\end{array}
The table above has information about the CPI, nominal wage rate, and nominal interest rate for The country of Syldavia for the years 2010 to 2012. The reference base year is 2011.
- The inflation rate In Syldavia from 2011 to 2012 was


A) 8.4 percent.
B) 10.3 percent.
C) 3.0 percent.
D) 8.0 percent.
E) 4.0 percent.

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