Table 9-7

-Refer to Table 9-7.Suppose that the data in the table above reflect price levels in the economy.What is the inflation rate between 2012 and 2013?
A)2.9%
B)3.5%
C)4.6%
D)5%
E)7.5%

Name: Table 9-7 -Refer to Table 9-7.Suppose that the data in the table above reflect price levels in the economy.What is the inflation rate between 2012 and 2013? A)2.9% B)3.5% C)4.6% D)5% E)7.5%
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Question

Table 9-7
 
-Refer to Table 9-7.Suppose that the data in the table above reflect price levels in the economy.What is the inflation rate between 2012 and 2013?
A)2.9% 
B)3.5% 
C)4.6% 
D)5% 
E)7.5%

Quizplus · Accepted Answer

The inflation rate between 2012 and 2013 is calculated as (103.5 - 100.5) / 100.5 * 100 = 2.9%.

Table 9-7 -Refer to Table 9-7.Suppose That the Data in the Table