Listed below is the general Consumer Price Index (CPI) of all goods for the end-of-years shown. The average annual inflation rate for all goods from the end of 1973 to the end of 1976 was most nearly: b. 5% e. 11% a. 3% Year CPI 1973 133.1 c. 7% 1974 147.7 d. 9% 1975 161.2 1976 170.5

Listed below is the general Consumer Price Index (CPI) of all goods for the end-of-years shown. The average annual inflation rate for all goods from the end of 1973 to the end of 1976 was most nearly: b. 5% e. 11% a. 3% Year CPI 1973 133.1 c. 7% 1974 147.7 d. 9% 1975 161.2 1976 170.5

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Please show equations used. No excel.

Listed below is the general Consumer Price Index (CPI) of all goods for the end-of-years shown.
The average annual inflation rate for all goods from the end of 1973 to the end of 1976 was most nearly:
b. 5%
a. 3%
Year
CPI
1973
133.1
c. 7%
1974
147.7
d. 9%
1975
161.2
e. 11%
1976
170.5

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