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The table below shows the nominal price of bananas. In 2022 the nominal price was $0.64 and the CPI was 292.6125 Year 1980 1981 1982 1983 1984 1985 B. 4.37% OC. 10.38% D. 6.16% Price/ pound $0.34 What was the inflation rate in the economy in 1981? OA. 3.16% $0.36 $0.35 $0.39 $0.36 $0.37 CPI 82.383 90.933 96.533 99.583 103.933 107.600

The table below shows the nominal price of bananas. In 2022 the nominal price was $0.64 and the CPI was 292.6125 Year 1980 1981 1982 1983 1984 1985 B. 4.37% OC. 10.38% D. 6.16% Price/ pound $0.34 What was the inflation rate in the economy in 1981? OA. 3.16% $0.36 $0.35 $0.39 $0.36 $0.37 CPI 82.383 90.933 96.533 99.583 103.933 107.600

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The table below shows the nominal price of bananas. In 2022 the nominal price was $0.64 and the CPI was 292.6125 Year 1980 1981 1982 1983 1984 1985 Price/ pound $0.34 What was the inflation rate in the economy in 1981? OA. 3.16% B. 4.37% OC. 10.38% D. 6.16% $0.36 $0.35 $0.39 $0.36 $0.37 CPI 82.383 90.933 96.533 99.583 103.933 107.600
Transcribed Image Text:The table below shows the nominal price of bananas. In 2022 the nominal price was $0.64 and the CPI was 292.6125 Year 1980 1981 1982 1983 1984 1985 Price/ pound $0.34 What was the inflation rate in the economy in 1981? OA. 3.16% B. 4.37% OC. 10.38% D. 6.16% $0.36 $0.35 $0.39 $0.36 $0.37 CPI 82.383 90.933 96.533 99.583 103.933 107.600
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