4. The following table shows the UK consumer prices index for the years 2013-16 based on 2014=100. Year CPI 2013 87.50 2014 100.00 2015 102.30 108.95 2016 Calculate the rate of inflation between 2013 and 2014 to 1 decimal place. A) 8.9% В) 6.6% C) 9.8% D) 14.3% E) 8.8%

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
icon
Related questions
Question
Practice Pack
!
4.
The following table shows the UK consumer prices index for the years 2013-16
based on 2014=100.
Year
CPI
2013
87.50
2014
100.00
2015
102.30
2016
108.95
Calculate the rate of inflation between 2013 and 2014 to 1 decimal place.
A) 8.9%
В) 6.6%
C) 9.8%
D) 14.3%
E) 8.8%
Transcribed Image Text:4. The following table shows the UK consumer prices index for the years 2013-16 based on 2014=100. Year CPI 2013 87.50 2014 100.00 2015 102.30 2016 108.95 Calculate the rate of inflation between 2013 and 2014 to 1 decimal place. A) 8.9% В) 6.6% C) 9.8% D) 14.3% E) 8.8%
Expert Solution
trending now

Trending now

This is a popular solution!

video

Learn your way

Includes step-by-step video

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Bayesian Nash Equilibrium
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education