Table 12-19 -Refer to Table 12-19

Multiple Choice

Table 12-19
$\begin{array}{|l|c|r|}\hline & \mathbf{2 0 1 7} & {\mathbf{2 0 1 8}} \\\hline \text { Nominal GDP } & \$ 10,000 & \$ 12,000 \\\hline \text { Real GDP } & 9,500 & 10,500 \\\hline\end{array}$
-Refer to Table 12-19.Given the information above,calculate the rate of increase in the price level from 2017 to 2018.

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