Author Question: If the CPI was 122.3 at the end of last year and 124.5 at the end of this year, the inflation rate ... (Read 108 times)

NguyenJ · **on:** Jun 29, 2018

If the CPI was 122.3 at the end of last year and 124.5 at the end of this year, the inflation rate over these two years was

A) 1.8 percent.
B) 2.5 percent.
C) 22.5 percent.
D) 18.0 percent.

Question 2

Jane is willing to pay 4 for the first cup of coffee a day, 2.50 for the second cup, and 1 for the third cup, after which she won't buy any coffee. The price of a cup of coffee is 2.40. How many cups of coffee per day will Jane buy?

A) 1
B) 2
C) 3
D) None