In the Republic of Priceland, in 2009 the consumer price index was 221.00. In 2010 the index increased to 234.26. Calculate the rate of inflation in Priceland between 2009 and 2010. Rate of inflation = percent. (Enter your response as a percentage rounded to two decimal places.)

In the Republic of Priceland, in 2009 the consumer price index was 221.00. In 2010 the index increased to 234.26. Calculate the rate of inflation in Priceland between 2009 and 2010. Rate of inflation = percent. (Enter your response as a percentage rounded to two decimal places.)

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter17: Inflation

Section: Chapter Questions

Problem 5SQ

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Question

Everything is in attached picture. 23

In the Republic of Priceland, in 2009 the consumer price index was 221.00. In 2010 the index increased to 234.26.
Calculate the rate of inflation in Priceland between 2009 and 2010.
Rate of inflation =
percent. (Enter your response as a percentage rounded to two decimal places.)

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