Solved

Table 20-8 -Refer to Table 20-8

Question 252

Multiple Choice

Table 20-8
 Year  CPI (1982−1984=100) 20151002016120\begin{array} { | c | c | } \hline \text { Year } & \text { CPI } ( \mathbf { 1 9 8 2 - 1 9 8 4 } = \mathbf { 1 0 0 } ) \\\hline 2015 & 100 \\\hline 2016 & 120 \\\hline\end{array}
-Refer to Table 20-8.Suppose that the data in the table above reflect the price levels in the economy.What is the inflation rate in between 2015 and 2016?


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

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions