From the data in the table below, what was the rate of inflation for the year ended December 2009? Select one: a. -0.2 percent b. 2.0 percent c. 2.1 percent d. 4.7 percent

Microeconomic Theory
12th Edition
ISBN:9781337517942
Author:NICHOLSON
Publisher:NICHOLSON
Chapter12: The Partial Equilibrium Competitive Model
Section: Chapter Questions
Problem 12.12P
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From the data in the table below, what was the rate of inflation for the year ended December 2009?
Select one:
a.
-0.2 percent
b.
2.0 percent
c.
2.1 percent
d.
4.7 percent
Quartero
..Mar-2008¤
**Jun-2008¤
**Sep-2008¤
•Dec-2008¤
..Mar-2009¤
**Jun-2009¤
**Sep-2009
•Dec-2009x
CPICK
1,044***
1,061***
1,077*+
1,072***
1,075***
1,081**
1,095*-x
1,093***
Transcribed Image Text:Quartero ..Mar-2008¤ **Jun-2008¤ **Sep-2008¤ •Dec-2008¤ ..Mar-2009¤ **Jun-2009¤ **Sep-2009 •Dec-2009x CPICK 1,044*** 1,061*** 1,077*+ 1,072*** 1,075*** 1,081** 1,095*-x 1,093***
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