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Use the Table Below to Find the Inflation Rate from 2007

Question 6

Multiple Choice

Use the table below to find the inflation rate from 2007 to 2008.
 Year  Naminal Wage (M)   CPI 2007$13.33113.22008$13.00110.0\begin{array} { | c | c | c | } \hline \text { Year } & \text { Naminal Wage (M) } & \text { CPI } \\\hline 2007 & \$ 13.33 & 113.2 \\2008 & \$ 13.00 & 110.0 \\\hline\end{array}


A) 1.4%
B) 0.6%
C) 0%
D) -0.6%
E) -1.4%

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