An Analyst Gathered the Following Year-End Price Level Data for an Economy

question 10

Multiple Choice

An analyst gathered the following year-end price level data for an economy. What is the economy's annual inflation rate for 2019?
$\begin{array}{lrr} \text { 2017 } &159.0\\ \text {2018 } &165.0\\\text {2019 } &169.0\end{array}$

• A)2.27%
• B)2.42%
• C)2.49%
• D)2.78%
• E)3.77%

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Definitions:

Production Line

A manufacturing process in which parts or components are added in a sequential manner to create a finished product.

Stamping Press

A machine tool that shapes or cuts metal by deforming it with a mold, used in various manufacturing processes to produce components.

Production Costs

Expenses directly attributed to the process of producing goods or providing services.

Chrysler Belvedere

A model of car produced by the Chrysler Corporation, known for its classic design and part of the Plymouth line in the mid-20th century.