Table 20-8 -Refer to Table 20-8

question 252

Multiple Choice

Table 20-8
$$\begin{array} { | c | c | } \hline \text { Year } & \text { CPI } ( \mathbf { 1 9 8 2 - 1 9 8 4 } = \mathbf { 1 0 0 } ) \\\hline 2015 & 100 \\\hline 2016 & 120 \\\hline\end{array}$$
-Refer to Table 20-8.Suppose that the data in the table above reflect the price levels in the economy.What is the inflation rate in between 2015 and 2016?

• A)2%
• B)5%
• C)10%
• D)12%
• E)20%