Percentage Change in the CPI. Figure 5.33 shows the percentage change in the CPI over recent years. In what year (of those displayed) was the change in the CPI the greatest? In what year was the actual CPI the highest? How do you know? Briefly explain the meaning of the red bar for 2009.

Percentage Change in the CPI. Figure 5.33 shows the percentage change in the CPI over recent years. In what year (of those displayed) was the change in the CPI the greatest? In what year was the actual CPI the highest? How do you know? Briefly explain the meaning of the red bar for 2009.

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter5: National Income Accounting

Section: Chapter Questions

Problem 6E

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Question

Percentage Change in the CPI. Figure 5.33 shows the percentage change in the CPI over recent years.

In what year (of those displayed) was the change in the CPI the greatest?
In what year was the actual CPI the highest? How do you know?
Briefly explain the meaning of the red bar for 2009.

Percent Change in CPI
Year
Percent change from previous year
2.
3.
1991
1992
1993
1994
1995
9661
1997
8661
6661
0007
1007
2002
2003
2004
2005
9007
2007
2008
6007
2010
2011
2012
2013
2014
2015
2016

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