The Table Given Below Lists the Average Price Level in a Country

question 72

Multiple Choice

The table given below lists the average price level in a country for four consecutive years.
Table 7.2
$\begin{array}{c}\text { Price Data }\\\begin{array}{|c|c|}\hline \text { Year } & \text { Average Price Level } \\\hline 1992 & 1.000 \\1993 & 1.039 \\1994 & 1.064 \\1995 & 1.093 \\\hline\end{array}\end{array}$
-Refer to the Table 7.2. How many times more goods and services could be purchased with one dollar in 1992 than in 1995?

• A) 1.064
• B) 1.07
• C) 1.093
• D) 1.93
• E) 1.96