170 in a year to 180 in the following year, the rate of inflation during that year was: Group of answer choices A) 5.88% B) 5.55% C) 10% D) 94.44
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A: We are going to use present value using the provided formula to answer this question
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- The CPI in 2020 was 136.2 and the CPI in 2021 was 140.1. The rate of inflation between 2020 and 2021 was approximately 3.7% was approximately 2.7% was approximately 3.9% cannot be determined from this information because the base year is unknown was approximately 2.9%If the Consumer Price Index rises from 140 in a year to 150 in the following year, the rate of inflation in that year is: 7.14% 10% 6.67% 1.07%Price of wine Price of coffee 2021 $5 $5 2022 $9 $6 Assuming that wine and coffee consumption are fixed as 10 wine and 20 cups of coffee. Calculate the inflation rate between 2021 and 2022. (Note: the cost of the basket in the base year is 120) 40% 35% 22.5% 28%
- If the Consumer Price Index was 155 in one year and 165 in the next year, then the rate of inflation from one year to the next was approximately: Group of answer choices 6.5% -6.5% 6.1% 10%In 1990 the Consumer Price Index (CPI) was 150. Today, the Consumer Price Index (CPI) is 250. Calculate the rate of inflation over the last 30 years. Question 1 options: a) 50% b) 166% c) 66.67% d) 100%If the Consumer Price Index was 155 in one year and 165 in the next year, then the rate of inflation from one year to the next was approximately: 6.5% 10% 6.1% -6.5%
- If the Consumer Price Index was 107 in one year and 104 in the following year, then the rate of inflation was approximatelyIn 2000, the value of the Consumer Price Index was 171.20 and the price of gasoline (per gallon) was $1.56. Six years later in 2006, the value of the Consumer Price Index was 200.43 and the price of gasoline (per gallon) was $2.56. What was the specific inflation rate for gasoline during this period?b. The price of a product was $0.88 in the year 2008 and $1.28 in the year 2018. What is the average annual inflation rate for this product? (ANSWER CHOICES: 3.82 % or 3.68 % or 3. 98% or 3.42%) c. If the CPI for January 2008 is 208.837 and the CPI for December 2018 is 255.539, what is the average annual inflation rate (per year) from Jan 2008 to Dec 2018? (Hint: Calculate monthly inflation rate and then use annual effective interest rate) (ANSWER CHOICES: 1.75% or 1.85% or 1.95% or 1.65%)
- Price per Unit Units Produced 2007 2008 2009 2010 Blueberries 8 $2 $2 $2.1 $2.4 Pineapples 5 $2 $2.5 $2.5 $3 Cheese $2.5 $3 $3.5 $4 If 2008 is the base year, the inflation rate between 2009 and 2010 is Select one: Oa. 17.1% Ob 13.9% C. 16.1% Od. 10.4% 3.An engineer's salary was $40,000 in 2004. The same engineer's salary in 2011 is $75,000. If the company's salary policy dictates that a yearly raise in salaries reflect the cost of Jiving increase due to inflation, what is the average inflation rate for the period 2004-2012?At the beginning of 2007 the CPI was 154. At the beginning of 2008 the CPI was 169. What is the rate of inflation over that time period? Question 8 options: a) 20% b) 109% c) 9.7% d) 8.8%
