Table 9-19

-Refer to Table 9-19.Looking at the table above,what is the rate of growth of the average price level from 2012 to 2013?
A)1%
B)2%
C)3.5%
D)4.76%
E)5.25%

Question

Table 9-19
 
-Refer to Table 9-19.Looking at the table above,what is the rate of growth of the average price level from 2012 to 2013?
A)1% 
B)2% 
C)3.5% 
D)4.76% 
E)5.25%

Quizplus · Accepted Answer

The rate of growth of the average price level from 2012 to 2013 is 4.76%. This can be calculated by taking the difference between the average price level in 2013 and the average price level in 2012, and then dividing that difference by the average price level in 2012.

Table 9-19 -Refer to Table 9-19.Looking at the Table Above,what Is the Table