The CPI in 2020 was 136.2 and the CPI in 2021 was 140.1. The rate of inf etween 2020 and 2021 was approximately 3.7% was approximately 2.7% was approximately 3.9% cannot be determined from this information because the base year is u was approximately 2.9%

The CPI in 2020 was 136.2 and the CPI in 2021 was 140.1. The rate of inf etween 2020 and 2021 was approximately 3.7% was approximately 2.7% was approximately 3.9% cannot be determined from this information because the base year is u was approximately 2.9%

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

The CPI in 2020 was 136.2 and the CPI in 2021 was 140.1. The rate of inflation
between 2020 and 2021
was approximately 3.7%
was approximately 2.7%
was approximately 3.9%
cannot be determined from this information because the base year is unknown
was approximately 2.9%

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