Suppose in year 1 the CPI is 90, in year 2 the CPI is 100, and in ...

[NClaborn]

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]

Answer to Question 1

B

Answer to Question 2

C