(Table 5: Price Index for Macroland) Table 5 provides the price index for Macroland for four years. What was the inflation rate in Macroland during year 3?
$\begin{array}{l}
\text { Table 5: Price Index for Macroland }\
\begin{array}{|c|c|c|c|c|}
\hline & \text { Year 1 } & \text { Year 2 } & \text { Year 3 } & \text { Year 4 } \
\hline \text { Price index } & 140 & 150 & 158 & 162 \
\hline
\end{array}
\end{array}$
A) 5.3%
B) 2.5%
C) 4.0%
D) 12.9%

Question

(Table 5: Price Index for Macroland) Table 5 provides the price index for Macroland for four years. What was the inflation rate in Macroland during year 3?
 $\begin{array}{l}
\text { Table 5: Price Index for Macroland }\
\begin{array}{|c|c|c|c|c|}
\hline & \text { Year 1 } & \text { Year 2 } & \text { Year 3 } & \text { Year 4 } \
\hline \text { Price index } & 140 & 150 & 158 & 162 \
\hline
\end{array}
\end{array}$
A) 5.3%
B) 2.5%
C) 4.0%
D) 12.9%

Quizplus · Accepted Answer

The inflation rate for year 3 is calculated as $\frac{158 - 150}{150} \times 100 = 5.3\%$.

(Table 5: Price Index for Macroland) Table 5 Provides the Price