**CPI Values and Inflation Rate Calculation from 1990 to 2000**The table below presents the Consumer Price Index (CPI) values (multiplied by 100) for each year from 1990 to 2000. Your task is to calculate and fill in the inflation rate for each year starting from 1991. The inflation rate should be computed as the percentage increase in CPI from the previous year and reported rounded to one decimal place.**Instructions:** Enter your responses in the table below.| Year | CPI | Inflation Rate (%) ||------|------|---------------------|| 1990 | 130.7| — || 1991 | 136.2| || 1992 | 140.3| || 1993 | 144.5| || 1994 | 148.2| || 1995 | 152.4| || 1996 | 156.9| || 1997 | 160.5| || 1998 | 163.0| || 1999 | 166.6| || 2000 | 172.2| |To calculate the inflation rate for a given year, use the formula:\[ \text{Inflation Rate} = \left( \frac{\text{CPI in current year} - \text{CPI in previous year}}{\text{CPI in previous year}} \right) \times 100 \]

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Description: **CPI Values and Inflation Rate Calculation from 1990 to 2000**The table below presents the Consumer Price Index (CPI) values (multiplied by 100) for each year from 1990 to 2000. Your task is to calculate and fill in the inflation rate for each year

The inflation rate can be calculated as follows: Inflation rate=CPISecond period-CPIPrevious…

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Here are values of the CPI (multiplied by 100) for each year from 1990 to 2000. For each year beginning with 1991, calculate the rate of inflation from the previous year. Instructions: Enter your responses rounded to one decimal place. Year CPI Inflation Rate (%) 1990 130.7 1991 136.2 1992 140.3 1993 144.5 1994 148.2 1995 152.4 1996 156.9 1997 160,5 1998 163.0 1999 166.6 2000 172.2

Here are values of the CPI (multiplied by 100) for each year from 1990 to 2000. For each year beginning with 1991, calculate the rate of inflation from the previous year. Instructions: Enter your responses rounded to one decimal place. Year CPI Inflation Rate (%) 1990 130.7 1991 136.2 1992 140.3 1993 144.5 1994 148.2 1995 152.4 1996 156.9 1997 160,5 1998 163.0 1999 166.6 2000 172.2

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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