Here are values of the CPI (multiplied by 100) for each year from 2000 to 2010. For each year beginning with 2001, calculate the rate of inflation from the previous year. Instructions: Enter your responses rounded to two decimal places. Year CPI Inflation Rate (%) 2000 127.7 2001 133.2 4.11 2002 137.3 2.94 2003 141.5 2.93 2004 145.2 2.5 2005 149.4 2.77 2006 153.9 2.89 2007 157.5 2.25 2008 160 1.53 2009 163.6 2.16 2010 169.2 3.3
Here are values of the CPI (multiplied by 100) for each year from 2000 to 2010. For each year beginning with 2001, calculate the rate of inflation from the previous year. Instructions: Enter your responses rounded to two decimal places. Year CPI Inflation Rate (%) 2000 127.7 2001 133.2 4.11 2002 137.3 2.94 2003 141.5 2.93 2004 145.2 2.5 2005 149.4 2.77 2006 153.9 2.89 2007 157.5 2.25 2008 160 1.53 2009 163.6 2.16 2010 169.2 3.3
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Here are values of the CPI (multiplied by 100) for each year from 2000 to 2010. For each year
beginning with 2001, calculate the rate of inflation from the previous year.
Instructions: Enter your responses rounded to two decimal places.
Year
CPI
Inflation Rate (%)
2000
127.7
2001
133.2
4.11
2002
137.3
2.94
2003
141.5
2.93
2004
145.2
2.5
2005
149.4
2.77
2006
153.9
2.89
2007
157.5
2.25
2008
160
1.53
2009
163.6
2.16
2010
169.2
3.3](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Feafecdb5-6a00-4b1b-9bab-c3b276507665%2F22543aa3-2ee2-4114-83b8-92bd079b4921%2Fwyz0wi_processed.png&w=3840&q=75)
Transcribed Image Text:Here are values of the CPI (multiplied by 100) for each year from 2000 to 2010. For each year
beginning with 2001, calculate the rate of inflation from the previous year.
Instructions: Enter your responses rounded to two decimal places.
Year
CPI
Inflation Rate (%)
2000
127.7
2001
133.2
4.11
2002
137.3
2.94
2003
141.5
2.93
2004
145.2
2.5
2005
149.4
2.77
2006
153.9
2.89
2007
157.5
2.25
2008
160
1.53
2009
163.6
2.16
2010
169.2
3.3
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