The price index was 220 in one year and 238.2 in the next year. What was the inflation rate? a) 8.3 percent b) 108.3 percent c) 4.8 percent d) 38.2 percent
The price index was 220 in one year and 238.2 in the next year. What was the inflation rate? a) 8.3 percent b) 108.3 percent c) 4.8 percent d) 38.2 percent
Chapter17: Inflation
Section: Chapter Questions
Problem 5SQ
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Question
![The price index was 220 in one year and 238.2 in the next year. What was the inflation rate?
a)
8.3 percent
b) 108.3 percent
C) 4.8 percent
c)
d)
38.2 percent](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F36479235-d6f5-46bf-9839-f83db96b0dc5%2Fa559db68-8539-4748-9278-25e9380d4819%2Fubzy9jb_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The price index was 220 in one year and 238.2 in the next year. What was the inflation rate?
a)
8.3 percent
b) 108.3 percent
C) 4.8 percent
c)
d)
38.2 percent
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