Table 13-8 -Refer to Table 13-8

Table 13-8
$$\begin{array} { | c | c | } \hline \text { Year } & \begin{array} { c } \text { CPI } \\( \mathbf { 1 9 8 2 } - \mathbf { 1 9 8 4 } = \mathbf { 1 0 0 } ) \end{array} \\\hline 2012 & 100 \\\hline 2013 & 120 \\\hline\end{array}$$
-Refer to Table 13-8.Suppose that the data in the table above reflect the price levels in the economy.What is the inflation rate in between 2012 and 2013?

A) 2%
B) 5%
C) 10%
D) 12%
E) 20%

Correct Answer:

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