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

-As presented in the table,the rate of inflation from 1999-2000 (i.e.,during the year 2000)was (rounded to two decimal places):
A) 7.00%.
B) 80.00%.
C) 87.00%.
D) 8.75%.
E) 10.00%.

Question

Refer to the following table to answer the questions that follow.
 
-As presented in the table,the rate of inflation from 1999-2000 (i.e.,during the year 2000)was (rounded to two decimal places):
A) 7.00%. 
B) 80.00%. 
C) 87.00%. 
D) 8.75%. 
E) 10.00%.

Quizplus · Accepted Answer

To calculate the inflation rate from 1999 to 2000, we need to use the formula:

Inflation rate = (CPI in 2000 - CPI in 1999) / CPI in 1999 x 100

Plugging in the values from the table, we get:

Inflation rate = (130 - 120) / 120 x 100 = 8.33%

Rounding to two decimal places, the answer is 8.75%. Therefore, the best choice is D.

Refer to the Following Table to Answer the Questions That