Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![1. Calculate the inflation rate for
2007-2008:
2008–2009:
2014-2015:
2015-2016:](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F15c22c02-a3a9-49b9-b857-642a5ba16fee%2F26e5ddce-35c0-4c4b-860d-de28556e1ef7%2Frojuzcb_processed.jpeg&w=3840&q=75)
Transcribed Image Text:1. Calculate the inflation rate for
2007-2008:
2008–2009:
2014-2015:
2015-2016:
![Year
CPI
Year
CPI
1989
124.0
2003
184.0
1990
130.7
2004
188.9
1991
136.2
2005
195.3
1992
140.3
2006
201.6
1993
144.5
2007
207.3
1994
148.2
2008
215.3
1995
152.4
2009
214.5
1996
156.9
2010
218.1
1997
160.5
2011
224.9
1998
163.0
2012
229.6
1999
166.6
2013
233.0
2000
172.2
2014
236.7
2001
177.1
2015
237.0
2002
179.7
2016
240.0](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F15c22c02-a3a9-49b9-b857-642a5ba16fee%2F26e5ddce-35c0-4c4b-860d-de28556e1ef7%2Fu1152c7_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Year
CPI
Year
CPI
1989
124.0
2003
184.0
1990
130.7
2004
188.9
1991
136.2
2005
195.3
1992
140.3
2006
201.6
1993
144.5
2007
207.3
1994
148.2
2008
215.3
1995
152.4
2009
214.5
1996
156.9
2010
218.1
1997
160.5
2011
224.9
1998
163.0
2012
229.6
1999
166.6
2013
233.0
2000
172.2
2014
236.7
2001
177.1
2015
237.0
2002
179.7
2016
240.0
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