If the price index in year 1 is 146 and in year 2 is 163, the rate of inflation between year 1 and year 2 is:Selected Answer:В. 8.2%.Answers:A. 15.0%.В. 8.2%.C. 11.64%.D. 10.43%.

Inflation refers to the increase the price level of the goods and services in the economy which…

Answered: If the price index in year 1 is 146 and…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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what is ? 1-)Consumer Price Index 2-)Production Price Index 3-)Inflation Rate
Answer A is incorrect. Please help me
A. Find the real value of your 40,000 salary for each of the next three year's. year1? year2? year3? b. If you have a cola in your contract, and the inflation rate is 5 percent, what is the real value of your salary for each year? year1? year2? year3?
300 OA: B OB;B O C;D (1) OB:C D LM, LM₂ IS₂ IS₁ Y P3 P2 PL P Y3 Y2 (2) с AD₁ YI Y2 Y3 Refer to the figure above. If the economy is initially at point A in both panels, and the rate of inflation slows down, then the economy will be at point in panel 1 and point in panel 2. YI AD, AD₂ Y
According to the government data, the CORE rate of inflation (based on the CPI) during the one-year period ending in March 2021 was:
The rate of inflation measures the percentage increase in the price of consumer goods. The rate of inflation in the year 2014 was 2% per y in the long run, let's suppose that it persists through 2034. What would be the cost in 2015 of an item that costs $400 in 2014? (Round your answer to the nearest cent.)
A price index for a basket of goods over four years was calculated to be: 2014 = 92, • 2015 =97, • 2016=100, • 2017=107. Calculate the inflation rate for each year so that you will enter: Blank #1 = Inflation Rate for 2015 Blank #2 = Inflation Rate for 2016 • Blank #3 = Inflation Rate for 2017 What is the base year in this scenario? • Blank #4 = Base year for this basket %3D Round to two decimal places Blank # 1 Blank # 2 Blank # 3 Blank # 4
Answer is near about 7 , please show your work how to solve this ( Thanks in advance)

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If the price index in year 1 is 146 and in year 2 is 163, the rate of inflation between year 1 and year 2 is: Selected Answer: В. 8.2%. Answers: A. 15.0%. В. 8.2%. C. 11.64%. D. 10.43%.