If the price index moves from 61.3 to 100.0, the rate of inflation is approximately _____%.   58.5   36.9   63.1   38.7

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter22: Inflation
Section: Chapter Questions
Problem 33P: The index number representing the price level changes from 110 to 115 in one year and then from 115...
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If the price index moves from 61.3 to 100.0, the rate of inflation is approximately _____%.

 

58.5

 

36.9

 

63.1

 

38.7

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