The Table Below Shows the Price Index for Zimbabwe Starting

question 328

Multiple Choice

The table below shows the price index for Zimbabwe starting in 2000. $$\begin{array} { | c | c | } \hline \text { Year } & \text { Price Index } \\\hline 2000 & 100.0 \\\hline 2001 & 173.4 \\\hline 2002 & 404.37 \\\hline 2003 & 1880.5 \\\hline 2004 & 8462.2 \\\hline 2005 & 28,586.6 \\\hline 2006 & 319,222.5 \\\hline\end{array}$$
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The data show that

• A) the inflation rate between the base year and 2001 is 73.4 percent.
• B) new goods bias and quality change bias are responsible for most of Zimbabwe's inflation.
• C) the inflation rate between 2005 and 2006 was 319.2 percent.
• D) while Zimbabwe experienced a high price level, it did not experience high inflation.

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