In 2008 the price index was calculated at 137.9 with 2003 as the base year. In 2009 the price index increased to 148.7. What was the inflation from 2008-2009? O 7.8% O 7.3% O 10.8%

Q: If the CPI is 109 one year and 112 the next, the annual rate of inflation as measured by the CPI is…

A: Inflation is the situation when the economy grows due to an increase in the circulation of money…

Q: The average annual cost(tuition, fees, and room and board) at four-year private universities rose…

A: CPI (Consumer Price Index) measures the average change in prices of goods and services bought by…

Q: The following table shows some values of the Consumer Price Index and the corresponding inflation…

A: From the given information we have to calculate the Consumer Price Index in the year 2014

Q: The Consumer Price Index (CPI) exhibits four known biases. Three of these biases occur, because the…

A: The consumer price index or CPI is a more direct method than per capita GDP of the standard of…

Q: In 2004 the price of one kilogram of chicken in Canada was $5.44 and in 2020 it was $7.41. If the…

A: Consumer Price Index(CPI), implies the prices(P) of a representative basket of goods procured by…

Q: If Year 1 is the base year, then the inflation rate in Year 2 was   a. 4.4 percent.   b. 10…

A: The inflation rate is the rising rate of prices of goods and services of the country.

Q: The GDP deflator in year 4 is 120 and the GDP deflator in year 5 is 130. The rate of inflation…

A: In given we have to find the rate of inflay between years 4 and 5 ?

Q: John borrowed $3,000 from his bank for one year at 4%. If the rate of inflation turned out to be 6%,…

A: Borrow = 3,000 Nominal Interest rate = 4% Inflation rate = 6%

Q: Henrique is a baseball fan and attends several games per season. His expenses p season are listed in…

A: Price level in Year 1=500+100+150+50                                     =800Price level in Year…