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. Between 1993 and 1994, the annual inflation rate was _____ percent.

A) 2.4
B) 2.7
C) 3.8
D) 6.0
E) 8.5

Correct Answer:

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