Table 20-6

-Refer to Table 20-6. Consider the following values of the consumer price index for 1996, 1997, and 1998: The inflation rate for 1997 was equal to
A) 1.2 percent.
B) 2.0 percent.
C) 2.5 percent.
D) 4.0 percent.

Question

Table 20-6
 
-Refer to Table 20-6. Consider the following values of the consumer price index for 1996, 1997, and 1998: The inflation rate for 1997 was equal to
A) 1.2 percent. 
B) 2.0 percent. 
C) 2.5 percent. 
D) 4.0 percent.

Quizplus · Accepted Answer

The inflation rate is calculated by taking the percentage change in the consumer price index (CPI) from one year to the next. Without the specific CPI values, we assume the correct choice based on typical inflation rates and the options provided.

Table 20-6 -Refer to Table 20-6. Consider the Following Values of the Following