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. Year Cost of Basket ($) CPI Inflation Rate 2013 18,000 2014 21,500 2015 22,500 2016 26,150 2017 28,850 2018 32,500
Using the data in the table below, calculate the CPI and the inflation rate in each year, using 2013 as a base year. Instructions: Round your answers to one decimal place. Year Cost of Basket ($) CPI Inflation Rate 2013 18,000 2014 21,500 2015 22,500 2016 26,150 2017 28,850 2018 32,500
Chapter7: Unemployment And Inflation
Section: Chapter Questions
Problem 3.7P
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![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.
Year
Cost of Basket ($)
CPI
Inflation Rate
2013
18,000
2014
21,500
2015
22,500
2016
26,150
2017
28,850
2018
32,500](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2d57a69b-d769-4348-905e-a108c8171bbb%2Fc7c1272f-d4d9-42ca-9645-3346f8368199%2Fs4eq5pr_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Using the data in the table below, calculate the CPI and the inflation rate in each year, using 2013 as a base year.
Instructions: Round your answers to one decimal place.
Year
Cost of Basket ($)
CPI
Inflation Rate
2013
18,000
2014
21,500
2015
22,500
2016
26,150
2017
28,850
2018
32,500
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