Table 13-9
$\begin{array}{|c|c|}
\hline \text { Year } & \text { CPI } \
\hline 2017 & 100 \
\hline 2018 & 113 \
\hline
\end{array}$
-Refer to Table 13-9.Suppose that the data in the table above reflect the price levels in the economy.Given that data,we can say that the cost of living rose by ________ between 2017 and 2018?
A) 2%
B) 5%
C) 8%
D) 11%
E) 13%

Question

Table 13-9
 $\begin{array}{|c|c|}
\hline \text { Year } & \text { CPI } \
\hline 2017 & 100 \
\hline 2018 & 113 \
\hline
\end{array}$
-Refer to Table 13-9.Suppose that the data in the table above reflect the price levels in the economy.Given that data,we can say that the cost of living rose by ________ between 2017 and 2018?
A) 2%
B) 5%
C) 8%
D) 11%
E) 13%

Quizplus · Accepted Answer

The cost of living rose by 13% between 2017 and 2018, as the CPI increased from 100 to 113. The percentage increase is calculated as $(113 - 100) / 100 \times 100 = 13%$.

Table 13-9 Year CPI 20171002018113\begin{array}{|c|c|}\hline \text { Year } & \text { CPI } \\\hline 2017 & 100 \\\hline 2018 & 113 \\\hline\end{array} Year 20172018​ CPI 100113​​

Table 13-9 $\begin{array}{|c|c|}\hline \text { Year } & \text { CPI } \\\hline 2017 & 100 \\\hline 2018 & 113 \\\hline\end{array}$