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Refer to the table below. Region 2006 2007 2008 United State Euro area Japan 117.1 113.6 98.1 120.4 117.1 98.1 124.0 119.6 98.8 The IMF

Refer to the table below.

Region

2006

2007

2008

United State

Euro area

Japan

117.1

113.6

98.1

120.4

117.1

98.1

124.0

119.6

98.8

The IMF World Economic Outlook reports the price level data given in the table. The region with the highest inflation rate in 2007 is ________. The region with the highest inflation rate in 2008 is ________.

Select one:

a. Japan / the United States

b. the Euro area / Japan

c. the Euro area / the United States

d. the United States / the Euro area

e. the United States / Japan

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