Answered: Consider Table 2 above. Calculate the…

Consider Table 2 above. Calculate the US inflation rate from 2002 to 2003. (round to two decimal places) A) 1.43% B) 2.28% C) 2.91% D) 3.01%

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Consider Table 2 above. Calculate the US inflation rate from 2002 to 2003. (round to two decimal places)

A) 1.43%

B) 2.28%

C) 2.91%

D) 3.01%

Year
US CPI
2001
177.1
2002
179.9
2003
184.0
2004
188.9

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