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Author Question: The Canadian CPI was 109.1 in 2006 and 114.4 in 2009 relative to the base year of 2002. Determine ... (Read 176 times)

drink

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Question 1

Penny earned $26 000 in 2007. If the Consumer Price Index in 2007 was 111.5 and in 2009 was 114.4, what did Penny have to earn in 2009 just to keep up with inflation?

Question 2

The Canadian CPI was 109.1 in 2006 and 114.4 in 2009 relative to the base year of 2002. Determine the purchasing power of the Canadian dollar for the two years, and interpret the meaning of the results?


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Marked as best answer by drink on Jun 7, 2019

kilada

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kilada

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