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study the graph. inflation rate: 1976-1980 (graph with y-axis 0-15, x-a…

Question

study the graph.
inflation rate:
1976-1980
(graph with y-axis 0-15, x-axis 1976-1980, red line showing inflation trend)
how much did inflation increase during president carter’s term?

  • by about 7 percentage points
  • by 10 percentage points
  • by about 15 percentage points
  • by 5 percentage points

Explanation:

Step1: Identify 1976 inflation value

From the graph, 1976 inflation ≈ 6%

Step2: Identify 1980 inflation value

From the graph, 1980 inflation ≈ 13%

Step3: Calculate the difference

$\text{Increase} = 13\% - 6\% = 7\%$

Answer:

by about 7 percentage points