Table 13-7 -Refer to Table 13-7

Table 13-7
$$\begin{array} { | c | c | } \hline \text { Year } & \begin{array} { c } \text { CPI } \\( \mathbf { 1 9 8 2 - 1 9 8 4 } = \mathbf { 1 0 0 } ) \end{array} \\\hline 2012 & 175 \\\hline 2013 & 180 \\\hline\end{array}$$
-Refer to Table 13-7.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%

Correct Answer:

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