Table 20-19

-Refer to Table 20-19. Looking at the table above, what is the rate of growth of the average price level from 2017 to 2018?
A) 1%
B) 2%
C) 3.5%
D) 4.76%
E) 5.25%

Question

Table 20-19
 
-Refer to Table 20-19. Looking at the table above, what is the rate of growth of the average price level from 2017 to 2018?
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 2017 to 2018 is 4.76%. This can be calculated by taking the difference between the average price level in 2018 and the average price level in 2017, and then dividing that difference by the average price level in 2017.

Table 20-19 -Refer to Table 20-19. Looking at the Table Above, What