Table 12-20 -Refer to Table 12-20

Multiple Choice

Table 12-20
$$\begin{array} { | l | r | r | } \hline & \mathbf { 2 0 1 2 } & { \mathbf { 2 0 1 3 } } \\\hline \text { Nominal GDP } & \$ 10,000 & \$ 12,000 \\\hline \text { Real GDP } & 9,500 & 10,500 \\\hline\end{array}$$
-Refer to Table 12-20.Given the following information,calculate the rate of increase in the price level from 2012 to 2013.

A) 8.6%
B) 7.9%
C) -7.9%
D) -8.6%