Answered: Table 1 Year CPI 2013 97.8 2014 98.6…

Table 1 Year CPI 2013 97.8 2014 98.6 2015 100 2016 102.5 2017 104.1 a. Calculate CPI inflation rates for each year from 2014 to 2018. 2018 104.9

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Table 1 shows a consumer price index for the years 2013-2018, with 2015 = 100.
Table 1
Year
CPI
2013
97.8
2014
98.6
2015
100
2016
102.5
2017
104.1
a. Calculate CPI inflation rates for each year from 2014 to 2018.
2018
104.9

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