-Refer to Exhibit 6-3.Prices changed by ___________ percent between year 1 and year 2.
A) -1.6
B) -1.7
C) 1.6
D) -2.3
E) 2.3

Question

-Refer to Exhibit 6-3.Prices changed by ___________ percent between year 1 and year 2.
A) -1.6 
B) -1.7 
C) 1.6 
D) -2.3 
E) 2.3

Quizplus · Accepted Answer

The correct answer involves calculating the percentage change between two years, which is done by subtracting the year 1 value from the year 2 value, dividing by the year 1 value, and then multiplying by 100 to get a percentage. Without the specific values from Exhibit 6-3, the exact calculation can't be shown, but the correct answer is a decrease of 1.6 percent, indicating a negative change.