Price Index for Macroland Year 1 140 Year 2 150 Year 3 158 Year 4 162 Price index 3. Table above provides the price index for Macroland for four years. What was the inflation rate in Macroland during year 4? a. 5.7% b. 2.5% OC4.0% O d. 15.7%

Price Index for Macroland Year 1 140 Year 2 150 Year 3 158 Year 4 162 Price index 3. Table above provides the price index for Macroland for four years. What was the inflation rate in Macroland during year 4? a. 5.7% b. 2.5% OC4.0% O d. 15.7%

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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Question

Table 5: Price Index for Macroland
Year 1
140
Year 2
Year 3
158
Year 4
162
Price index
150
3.
Table above provides the price index for Macroland for four years. What was the inflation rate in
Macroland during year 4?
O a. 5.7%
b. 2.5%
c. 4.0%
O d. 15.7%

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