Answered: If the Consumer Price Index (CPI) for…

If the Consumer Price Index (CPI) for one year was 150 and for the next year it was 157.5, the inflation rate from one year to the next is O 6.5% O 5.0% O 7.5% O 6.0% 0 -- - O W

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

If the Consumer Price Index (CPI) for one year was 150
and for the next year it was 157.5, the inflation rate from
one year to the next is
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6.5%
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5.0%
7.5%
O 6.0%
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