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 2012 to 2013?
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 2012 to 2013?
A) 1% 
B) 2% 
C) 3.5% 
D) 4.76% 
E) 5.25%

Quizplus · Accepted Answer

To calculate the rate of growth of the average price level from 2012 to 2013, we need to compare the average price level in 2013 with the average price level in 2012. Using the table, we can see that the average price level in 2012 was 210, and the average price level in 2013 was 220. Therefore, the rate of growth can be calculated as (220-210)/210 x 100% = 4.76%. The answer is D.

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