If the Price Index Was 90 in Year 1,100 in Year

question 194

Multiple Choice

If the price index was 90 in year 1,100 in year 2,and 95 in year 3,then the economy experienced

• A)10 percent inflation between years 1 and 2 ,and 5 percent inflation between years 2 and 3.
• B)10 percent inflation between years 1 and 2,and 5 percent deflation between years 2 and 3.
• C)11.1 percent inflation between years 1 and 2,and 5 percent inflation between years 2 and 3.
• D)11.1 percent inflation between years 1 and 2,and 5 percent deflation between years 2 and 3.

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Definitions:

Percent Format

A way of displaying numbers as a fraction of 100, often represented with a "%" symbol.

Comma Number

Typically involves formatting numbers with commas to separate thousands, improving readability, though the specifics might vary.

Decrease Decimals

A function in spreadsheet software that reduces the number of decimal places displayed in a number.

Number Field

An area or cell in a database or form designated for numeric data entry.