Suppose the Price Index Was 105 in 2007, 115

Multiple Choice

Suppose the price index was 105 in 2007, 115.5 in 2008, and the inflation rate was lower between 2008 and 2009 than it was between 2007 and 2008. This means that

A) the price index in 2009 was lower than 115.5.
B) the price index in 2009 was lower than 126.
C) the price index in 2009 was lower than 127.05.
D) the inflation rate between 2008 and 2009 was lower than 1.1 percent.