$$\begin{array} { | l | l | c | }
\hline { \text { Year } } & \text { Price index } & \begin{array} { l }
\text { Inflation rate } \
\text { (percent) }
\end{array} \
\hline 1 & 100 & \
\hline 2 & 117 & \text { A } \
\hline 3 & 125 & \text { B } \
\hline 4 & 120 & \text { C } \
\hline 5 & \mathrm { D } & 8.3 \
\hline 6 & 150 & \text { E } \
\hline
\end{array}$$
-In the table above, what inflation rate belongs in space A?
A) -4.0 percent
B) 8.3 percent
C) 6.8 percent
D) 17.0 percent

Question

$$\begin{array} { | l | l | c | } 
\hline  { \text { Year } } & \text { Price index } & \begin{array} { l } 
\text { Inflation rate } \
\text { (percent) }
\end{array} \
\hline 1 & 100 & \
\hline 2 & 117 & \text { A } \
\hline 3 & 125 & \text { B } \
\hline 4 & 120 & \text { C } \
\hline 5 & \mathrm { D } & 8.3 \
\hline 6 & 150 & \text { E } \
\hline
\end{array}$$
-In the table above, what inflation rate belongs in space A?
A) -4.0 percent
B) 8.3 percent
C) 6.8 percent
D) 17.0 percent

Quizplus · Accepted Answer

The inflation rate is calculated as the percentage change in the price index from one year to the next. From year 1 to year 2, the price index increased from 100 to 117. The inflation rate is $\frac{117 - 100}{100} \times 100 = 17.0\%$.

-In the Table Above, What Inflation Rate Belongs in Space