Table 13-5
$\begin{array}{|c|c|}
\hline \text { Year } & \text { CPI } \
\hline 2017 & 207 \
\hline 2018 & 215 \
\hline
\end{array}$
-Refer to Table 13-5.Consider the following values of the consumer price index for 2017 and 2018.The inflation rate for 2018 was equal to
A) 215 percent.
B) 21.5 percent.
C) 8.0 percent.
D) 3.9 percent.

Question

Table 13-5
 $\begin{array}{|c|c|}
\hline \text { Year } & \text { CPI } \
\hline 2017 & 207 \
\hline 2018 & 215 \
\hline
\end{array}$
-Refer to Table 13-5.Consider the following values of the consumer price index for 2017 and 2018.The inflation rate for 2018 was equal to
A) 215 percent.
B) 21.5 percent.
C) 8.0 percent.
D) 3.9 percent.

Quizplus · Accepted Answer

To calculate the inflation rate from 2017 to 2018, we use the formula: Inflation rate = ((CPI in 2018 - CPI in 2017) / CPI in 2017) x 100%. Plugging in the numbers, we get: ((215 - 207) / 207) x 100% = 3.9%. Therefore, the inflation rate for 2018 was 3.9%. Choice D is the correct answer.

Table 13-5 Year CPI 20172072018215\begin{array}{|c|c|}\hline \text { Year } & \text { CPI } \\\hline 2017 & 207 \\\hline 2018 & 215 \\\hline\end{array} Year 20172018​ CPI 207215​​

Table 13-5 $\begin{array}{|c|c|}\hline \text { Year } & \text { CPI } \\\hline 2017 & 207 \\\hline 2018 & 215 \\\hline\end{array}$