Use the following to answer questions :
Table: Price Levels

-(Table: Price Levels) Look at the table Price Levels. What is the rate of inflation from 2011 to 2012?
A)0%
B)2.9%
C)4.5%
D)6.4%

Question

Use the following to answer questions :
Table: Price Levels
 
-(Table: Price Levels) Look at the table Price Levels. What is the rate of inflation from 2011 to 2012?
A)0% 
B)2.9% 
C)4.5% 
D)6.4%

Quizplus · Accepted Answer

To find the rate of inflation, we need to calculate the percentage increase in prices from 2011 to 2012. We can see that the price index increased from 113.0 to 116.3, which is a 2.9% increase. Therefore, the correct choice is B, 2.9%.

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