Author Question: Last year the CPI was 177.1 and this year the CPI is 180.9. What was the inflation rate between ... (Read 90 times)

Alainaaa8

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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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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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