1.7.1 Use the table below to answer the questions that follow: YEAR 2019 2018 2017 2016 CPI 213.8 212.2 202.6 200.2 Q.7.1.1 Calculate the inflation rate for the year 2018.
1.7.1 Use the table below to answer the questions that follow: YEAR 2019 2018 2017 2016 CPI 213.8 212.2 202.6 200.2 Q.7.1.1 Calculate the inflation rate for the year 2018.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Q.7.1
Use the table below to answer the questions that follow:
YEAR
2019
2018
2017
2016
CPI
213.8
212.2
202.6
200.2
Q.7.1.1 Calculate the inflation rate for the year 2018.
Q.7.1.2
Does the inflation rate you calculated above fall into the South Africa
inflation target?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd65f601e-cc6a-4259-a9ff-06398229a00c%2F7c4b0b67-c847-4b05-a59f-7b193452365b%2Faio84h_processed.png&w=3840&q=75)
Transcribed Image Text:Q.7.1
Use the table below to answer the questions that follow:
YEAR
2019
2018
2017
2016
CPI
213.8
212.2
202.6
200.2
Q.7.1.1 Calculate the inflation rate for the year 2018.
Q.7.1.2
Does the inflation rate you calculated above fall into the South Africa
inflation target?
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