The Table Given Below Lists the Average Price Level in a Country

The table given below lists the average price level in a country for four consecutive years.
Table 7.2
$\begin{array}{c}\text { Price Data }\\\begin{array}{|c|c|}\hline \text { Year } & \text { Average Price Level } \\\hline 1992 & 1.000 \\1993 & 1.039 \\1994 & 1.064 \\1995 & 1.093 \\\hline\end{array}\end{array}$
-Refer to Table 7.2. What was the purchasing power of the dollar in 1995 relative to the base year 1992?

A) 0.54
B) 0.72
C) 0.91
D) 0.97
E) 1.93

Correct Answer:

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