Refer to the information provided in Table 7.5 below to answer the questions that follow.
Table 7.5
-Refer to Table 7.5. If 2015 is the base year, the inflation rate between 2014 and 2015 is ________%, and the inflation rate between 2015 and 2016 is ________%.
A) 9.4; 11.2
B) 4.0; 4.9
C) 6.2; 16.1
D) 5.8; 5.8

Question

Refer to the information provided in Table 7.5 below to answer the questions that follow.
Table 7.5 
-Refer to Table 7.5. If 2015 is the base year, the inflation rate between 2014 and 2015 is ________%, and the inflation rate between 2015 and 2016 is ________%.
A) 9.4; 11.2 
B) 4.0; 4.9 
C) 6.2; 16.1 
D) 5.8; 5.8

Quizplus · Accepted Answer

The inflation rate is calculated using the formula: [(CPI in current year - CPI in previous year) / CPI in previous year] * 100. Using the given choices, option C matches the calculations for the respective years.

Refer to the Information Provided in Table 7