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

question 46

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?
$$\begin{array} { l l } 2017 & 190.3 \\2018 & 201.2 \\2019 & 207.1\end{array}$$

• A)2.22%
• B)2.42%
• C)2.68%
• D)2.87%
• E)2.93%

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Definitions:

Dividends

Earnings distributed to a company's shareholders, commonly as a profit disbursement.

Fees Earned

Income received for services provided, often used in professional and consulting business models.

Supplies

Items used in the operation of a business, often consumable, like stationery, raw materials, or maintenance supplies.

Utilities Expense

The cost incurred by businesses for basic services such as water, electricity, gas, and telecommunications.