Table 13-7
$\begin{array}{|c|c|}
\hline \text { Year } & \text { CPI } \
\hline 2017 & 175 \
\hline 2018 & 180 \
\hline
\end{array}$
-Refer to Table 13-7.Suppose that the data in the table above reflect price levels in the economy.What is the inflation rate between 2017 and 2018?
A) 2.9%
B) 3.5%
C) 4.6%
D) 5%
E) 7.5%

Question

Table 13-7
 $\begin{array}{|c|c|}
\hline \text { Year } & \text { CPI } \
\hline 2017 & 175 \
\hline 2018 & 180 \
\hline
\end{array}$
-Refer to Table 13-7.Suppose that the data in the table above reflect price levels in the economy.What is the inflation rate between 2017 and 2018?
A) 2.9%
B) 3.5%
C) 4.6%
D) 5%
E) 7.5%

Quizplus · Accepted Answer

The inflation rate is calculated as $\frac{180 - 175}{175} \times 100 = 2.86\%$, which rounds to 2.9%.

Table 13-7 Year CPI 20171752018180\begin{array}{|c|c|}\hline \text { Year } & \text { CPI } \\\hline 2017 & 175 \\\hline 2018 & 180 \\\hline\end{array} Year 20172018​ CPI 175180​​

Table 13-7 $\begin{array}{|c|c|}\hline \text { Year } & \text { CPI } \\\hline 2017 & 175 \\\hline 2018 & 180 \\\hline\end{array}$