Table 9-19

-Refer to Table 9-19.Looking at the table above,what is the rate of growth of the average price level from 2015 to 2016?
A)1%
B)2%
C)3.5%
D)4.76%
E)5.25%

Question

Table 9-19
 
-Refer to Table 9-19.Looking at the table above,what is the rate of growth of the average price level from 2015 to 2016?
A)1% 
B)2% 
C)3.5% 
D)4.76% 
E)5.25%

Quizplus · Accepted Answer

The rate of growth of the average price level from 2015 to 2016 is 4.76%. This can be calculated by taking the difference between the average price level in 2016 and the average price level in 2015, and then dividing that difference by the average price level in 2015.

Table 9-19 -Refer to Table 9-19.Looking at the Table Above,what Is the Table