Following is data for a hypothetical economy.The base year is 2002 (Price index = 100).

-Refer to the above data.From 2005 to 2006,prices rose by approximately:
A) 2 percent.
B) 4.2 percent.
C) 6 percent.
D) 7 percent.

Question

Following is data for a hypothetical economy.The base year is 2002 (Price index = 100).
 
-Refer to the above data.From 2005 to 2006,prices rose by approximately:
A) 2 percent. 
B) 4.2 percent. 
C) 6 percent. 
D) 7 percent.

Quizplus · Accepted Answer

The data indicates that prices increased by approximately 4.2 percent from 2005 to 2006.

Following Is Data for a Hypothetical Economy