Refer to the following table to answer the questions that follow.

-As presented in the table,the rate of inflation (or deflation)from 2002-2003 was (rounded to two decimal places):
A) 112.00%.
B) 108.00%.
C) 4.00%.
D) -4.25%.
E) -3.57%.

Question

Refer to the following table to answer the questions that follow.
 
-As presented in the table,the rate of inflation (or deflation)from 2002-2003 was (rounded to two decimal places):
A) 112.00%. 
B) 108.00%. 
C) 4.00%. 
D) -4.25%. 
E) -3.57%.

Quizplus · Accepted Answer

The rate of inflation (or deflation) is calculated as ((CPI in 2003 - CPI in 2002) / CPI in 2002) * 100. The given choice E, -3.57%, is the correct calculation based on the data provided.

Refer to the Following Table to Answer the Questions That