Assume that the CPI in 2013 is 115. The inflation rate is 1.5% in 2014 and 2.5% in 2015. What is the value of the CPI in 2014 and 2015? A) 113.5 and 110 B) 116.5 and 119 C) 116.5 and 117.5 D) 116.7 and 119.6 E) 117.5 and 119.6
Assume that the CPI in 2013 is 115. The inflation rate is 1.5% in 2014 and 2.5% in 2015. What is the value of the CPI in 2014 and 2015? A) 113.5 and 110 B) 116.5 and 119 C) 116.5 and 117.5 D) 116.7 and 119.6 E) 117.5 and 119.6
Chapter17: Inflation
Section: Chapter Questions
Problem 5SQ
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Question
![Assume that the CPI in 2013 is 115. The inflation rate is 1.5% in 2014 and 2.5% in
2015. What is the value of the CPI in 2014 and 2015?
A) 113.5 and 110
B) 116.5 and 119
C) 116.5 and 117.5
D) 116.7 and 119.6
E) 117.5 and 119.6](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fffaa399f-b908-4d3c-b960-2737bb7a7df6%2F39c375e8-3c80-4be3-96c8-d74ae24b2835%2Fpw65sy_processed.png&w=3840&q=75)
Transcribed Image Text:Assume that the CPI in 2013 is 115. The inflation rate is 1.5% in 2014 and 2.5% in
2015. What is the value of the CPI in 2014 and 2015?
A) 113.5 and 110
B) 116.5 and 119
C) 116.5 and 117.5
D) 116.7 and 119.6
E) 117.5 and 119.6
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