If this yearʹs price level is 126 and last yearʹs price level was 120, the inflation rate is .
A) 5 percent a year
B) 0.95 percent a year
C) 6 percent a year
D) 1.05 percent a year

Name: If this yearʹs price level is 126 and last yearʹs price level was 120, the inflation rate is . A) 5 percent a year B) 0.95 percent a year C) 6 percent a year D) 1.05 percent a year
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The inflation rate is calculated as ((126 - 120) / 120) * 100 = 5 percent.

If This Yearʹs Price Level Is 126 and Last Yearʹs