a- The average inflation rate f. b- The general inflation rate f.

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
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Chapter1: Making Economics Decisions
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Question # 3: The following table shows the cost of Airlines tickets from
Washington To New York from 2014 to 2018.
Year
The cost of Airline tickets
CPI
2014
$50
179.8
2015
$61
183.8
2016
$70
188.0
2017
$77
194.6
2018
$83
200.43
a- The average inflation rate f.
b- The general inflation ratef.
c- How many years will it take for the purchasing power to be one-half of what
it is now?
Transcribed Image Text:Question # 3: The following table shows the cost of Airlines tickets from Washington To New York from 2014 to 2018. Year The cost of Airline tickets CPI 2014 $50 179.8 2015 $61 183.8 2016 $70 188.0 2017 $77 194.6 2018 $83 200.43 a- The average inflation rate f. b- The general inflation ratef. c- How many years will it take for the purchasing power to be one-half of what it is now?
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