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Author Question: If 2015 is the base year and the inflation rate between 2015 and 2016 is 6.4%, the price index in 2016 is (Read 88 times)

Frost2351

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Question 1

If the price index in period 2 is 109 and the price index in period 3 is 125, the rate of inflation between period 2 and period 3 is


◦ 16.0%.
◦ 14.7%.
◦ 9.0%.
◦ 8.7%.

Question 2

If 2015 is the base year and the inflation rate between 2015 and 2016 is 6.4%, the price index in 2016 is


◦ 106.4.
◦ 64.0.
◦ 16.4.
◦ cannot be determined from this information because the index in the base year is not given.


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Marked as best answer by Frost2351 on Apr 19, 2019

carolinefletcherr

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Frost2351

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Reply 2 on: Apr 19, 2019
Excellent


debra928

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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