the equation calculates an annual rate in economics. (\frac{\text{final value}-\text{initial…

the equation calculates an annual rate in economics. (\frac{\text{final value}-\text{initial value}}{\text{initial value}}\times100). what rate does the equation calculate? employment rate inflation rate demand rate supply rate

the equation calculates an annual rate in economics. (\frac{\text{final value}-\text{initial value}}{\text{initial value}}\times100). what rate does the equation calculate? employment rate inflation rate demand rate supply rate

Answer

Brief Explanations:

The formula $\frac{\text{final value}-\text{initial value}}{\text{initial value}}\times100$ is used to calculate the percentage - change. In economics, the inflation rate is calculated as the percentage change in the price level (final price level minus initial price level divided by the initial price level and multiplied by 100). Employment rate is calculated in a different way (number of employed divided by labor - force). There is no standard "demand rate" or "supply rate" calculated in this manner.

Answer:

B. inflation rate