The table shows price indices for several regions in the United States at two points in time.  Use this data to answer the questions.   Year         Southern US        Eastern US   Western US 1900               50                        100               200 1950                65                        143                 251 Rank the regions from largest to smallest inflation rate. Southern United States Eastern United States Western United States   Between 1900 and 1950, inflation occurred A.  in only one of the three regions B.  in only two of the three regions C. in none of the regions D. in all three regions.

Q: This table indicates the historical level of the Consumer Price Index (CPI) for the United States…

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A: Average UK inflation = % Change in CPI = (263.2 / 156.9) - 1 = 1.677502 - 1 = 0.677502 = 67.7502%

Q: Explain what is the relationship between the consumer price index and the inflation rate.

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Q: What are the two types of inflation and how are they different?

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A: Inflation is the change in price level, but its measures are multiple and different, as shown below.

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Q: 1. Calculate the inflation rate for 2007-2008: 2008–2009: 2014-2015:

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A: We are going to calculate nominal and real growth rate to answer this question.

Q: Here are some recent data on the US consumer price index:  Year  CPI  Year  CPI  Year  CPI…

A: The formula for inflation rate using CPIs is:   Inflation rate = Current CPI - Old CPIOld CPI x 100…

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Q: None

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A: Price index measures the cost of market basket of goods and services

Q: Calculate the rate of inflation or delation between 2014 and 2015.

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