Using the data in the table below, calculate the CPI and the inflation rate in each year, using 2013 as a base year. Instructions: Round your answers to one decimal place. Price of basket Year ($) CPI Inflation rate 2013 20,000 100 2014 21,400 2015 22,800 2016 26,150 2017 28,840 2018 32,600
Using the data in the table below, calculate the CPI and the inflation rate in each year, using 2013 as a base year. Instructions: Round your answers to one decimal place. Price of basket Year ($) CPI Inflation rate 2013 20,000 100 2014 21,400 2015 22,800 2016 26,150 2017 28,840 2018 32,600
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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