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Author Question: Suppose in year 1 the CPI is 90, in year 2 the CPI is 100, and in year 3 the CPI is 110. Then, ... (Read 33 times)

NClaborn

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on: Jun 30, 2018
Suppose in year 1 the CPI is 90, in year 2 the CPI is 100, and in year 3 the CPI is 110. Then, inflation is
 
  A) 11 percent between years 2 and 3.
  B) 11 percent between years 1 and 2.
  C) 100 percent in year 1.
  D) 10 percent between years 2 and 3.
  E) Both answers B and D are correct.

Question 2

Refer to Scenario 12.1. By what approximate percentage will Jennifer's income increase from age 25 to age 60?
 
  A) 287 percent B) 400 percent C) 452 percent D) 561 percent


scikid

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

C


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