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

question 25

Multiple Choice

An analyst gathered the following year-end price level data for an economy. What is the economy's annual compounded inflation rate for 2014-2019?
$$\begin{array} { l l } 2014 & 174.0 \\2018 & 190.3 \\2019 & 196.8\end{array}$$

• A)2.22%
• B)2.49%
• C)2.68%
• D)2.87%
• E)2.92%

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Definitions:

Amazon's Web Site

Amazon's website is an online retail platform that offers a wide range of products, from books and electronics to clothing and household goods, facilitating purchases globally.

Nearshoring

Outsourcing production or services to locations near a company’s home base or closer to customers.

Offshoring

The relocation of a business process or operation from one country to another, often to leverage lower labor costs.

American Industrial Revolution

A period of rapid industrial growth and technological innovation in the United States during the 18th and 19th centuries that transformed the economy.