Using the Information in the Table Shown, What Can Be

question 5

Multiple Choice

Using the information in the table shown, what can be said about the rate of inflation?

• A) Deflation occurred before 2007, then inflation occurred.
• B) Deflation occurred until 2009, then inflation occurred.
• C) Inflation occurred every year from 2005 to 2009.
• D) Inflation was the largest from 2005 to 2006.

---

Definitions:

Raw Material Costs

The expenses associated with acquiring the unprocessed materials required for the production of goods or services.

Demand Curve

A chart displaying how consumer demand for a product varies based on its price.

Consumer Income

The total amount of income available to an individual or household for spending, saving, and investing after taxes.

Supply Curve

The supply curve is a graphical representation showing the relationship between the price of a good and the quantity supplied by producers.