If the Price Level This Year Was 140 and Was

question 172

Short Answer

If the price level this year was 140 and was 135 last year, what was the inflation rate to the nearest decimal?

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Definitions:

Kinetic

Pertaining to motion, objects being in motion or the study of dynamics that involve motion.

Linear Perspective

Linear perspective is a technique in art and photography that creates the illusion of depth and distance on a flat surface, by having parallel lines converge towards one or more vanishing points on the horizon.

Aerial Perspective

A visual technique in art used to create the illusion of depth by depicting objects in the distance with less clarity and a bluer tone than those in the foreground.

Motion Parallax

A depth cue that involves the difference in speed of movement of images across the retina as one moves through the environment.