The following table lists the basket of goods in the
Consumer Price Index for the nation of Astro (Assume 2014 is the base year.)
Table 12.2
-Using the information in Table 12.2, the inflation rate from 2015 to 2016 is about
A) 4 percent.
B) 5 percent.
C) 17 percent.
D) 31 percent.

Question

The following table lists the basket of goods in the
Consumer Price Index for the nation of Astro (Assume 2014 is the base year.)
  Table 12.2
-Using the information in Table 12.2, the inflation rate from 2015 to 2016 is about
A) 4 percent. 
B) 5 percent. 
C) 17 percent. 
D) 31 percent.

Quizplus · Accepted Answer

The inflation rate is calculated by taking the difference in price levels between two years, dividing by the price level at the start of the period, and then multiplying by 100 to get a percentage. Without the specific numbers from Table 12.2, the correct answer cannot be determined through calculation. However, based on the question's structure, if we assume choice A is correct, it suggests that the inflation rate calculation based on the provided data results in approximately 4 percent.

The Following Table Lists the Basket of Goods in the