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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 (MindTap Course List)
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment
Section: Chapter Questions
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Percentage Change in the CPI. Figure 5.33 shows the percentage change in the CPI over recent years.

 

  1. In what year (of those displayed) was the change in the CPI the greatest?

  2. In what year was the actual CPI the highest? How do you know?

  3. 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
Transcribed Image Text: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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