Equation calculates “Inflation Rate” in economics.
Answer: Option B
Step-by-step explanation:
Inflation rate is increment of goods and services cost from time to time which leads to decrements in value of currency. Hence it is needed to calculate annually for graphing situation and to take measures ahead accordingly. Inflation have its own merits and demerits.
Its cons is increment of opportunity cost of money carried, unavailability of goods and services as storing system is been opted immediately etc. Its pros are downfall of unemployment, invite loans and investments etc.
Generally equation or formula used to find” inflation rate” is:
Value obtained is multiplied with 100 to obtain result in percentage.