Suppose that the chain-weighted index for GDP in Gambia was 275 in 2009 and 350 in 2010. The inflation rate between those two years was
A)20.2 percent.
B)27.3 percent.
C)37.5 percent.
D)75 percent.

Name: Suppose that the chain-weighted index for GDP in Gambia was 275 in 2009 and 350 in 2010. The inflation rate between those two years was A)20.2 percent. B)27.3 percent. C)37.5 percent. D)75 percent.
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Quizplus · Accepted Answer

The inflation rate is calculated as ((350 - 275) / 275) * 100 = 27.3 percent.

Suppose That the Chain-Weighted Index for GDP in Gambia Was