If the Price Level This Year Was 140 and Was

question 172

Short Answer

If the price level this year was 140 and was 135 last year, what was the inflation rate to the nearest decimal?

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Definitions:

Start-Up

A new venture that is trying to discover a profitable business model for future success.

New Venture

An entrepreneurial endeavor that entails the creation and establishment of a new business or enterprise.

Entrepreneur

An individual who, rather than working as an employee, runs a small business and assumes all the risks and rewards of a given business venture, idea, or goods or services offered for sale.

Own Bosses

A term used to describe individuals who run their own businesses, making decisions independently rather than working for someone else as an employee.