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Author Question: Last year the CPI was 177.1 and this year the CPI is 180.9. What was the inflation rate between ... (Read 47 times)

Alainaaa8

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on: Jun 29, 2018
Last year the CPI was 177.1 and this year the CPI is 180.9. What was the inflation rate between these two years?
 
  What will be an ideal response?

Question 2

If a country is currently lending more to the rest of the world than it is borrowing from the rest of the world, the country is a
 
  A) net borrower.
  B) debtor nation.
  C) net lender.
  D) creditor nation.


Ashley I

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Reply #1 on: Jun 29, 2018
Answer to Question 1

The inflation rate equals (180.9 - 177.1 )  177.1  100 = 2.1 percent.

Answer to Question 2

C


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