Table 20-7 $\begin{array}{|c|c|}\hline \text { Year } & \text { CPI }(1982-1984=100) \\\hline 2015 & 175 \\\hline 2016 & 180 \\\hline\end{array}$

question 281

Multiple Choice

Table 20-7
$\begin{array}{|c|c|}\hline \text { Year } & \text { CPI }(1982-1984=100) \\\hline 2015 & 175 \\\hline 2016 & 180 \\\hline\end{array}$

-Refer to Table 20-7.Suppose that the data in the table above reflect price levels in the economy.What is the inflation rate between 2015 and 2016?

• A)2.9%
• B)3.5%
• C)4.6%
• D)5%
• E)7.5%

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