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Author Question: The CPIYearCPI11542160Based on the data in the table, the inflation rate for year 2 was equal to ... (Read 11 times)

Deej

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on: Nov 23, 2022

Question 1

The CPI

If the average CPI value last year was 205.3 and the average CPI value this year was 223.6, what was the percent increase in the CPI between last year and this year? (Round to the nearest hundredth when appropriate.)
◦ 1.09%
◦ 8.18%
◦ 18.30%
◦ 8.91%

Question 2

The CPI


YearCPI
1154​
2160​

Based on the data in the table, the inflation rate for year 2 was equal to ________ percent.  (Round to the nearest hundredth when appropriate.)
◦ 3.75%
◦ 0.39%
◦ 6%
◦ 1.04%
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by Deej on Nov 23, 2022

bobbbbb

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Reply #1 on: Nov 23, 2022
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Deej

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Reply 2 on: Nov 23, 2022
Thanks for the timely response, appreciate it

ryhom

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Reply 3 on: Yesterday
Excellent

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