Year CPI 1996 157 1997 161 1998 163 Refer to Table 9-6. Consider the following values of the consumer price index for 1996, 1997, and 1998: The inflation rate for 1997 was equal to Select one: a. 2.0 percent. b. 1.2 percent. c. 2.5 percent. d. 4.0 percent.

Year CPI 1996 157 1997 161 1998 163 Refer to Table 9-6. Consider the following values of the consumer price index for 1996, 1997, and 1998: The inflation rate for 1997 was equal to Select one: a. 2.0 percent. b. 1.2 percent. c. 2.5 percent. d. 4.0 percent.

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

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Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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Question

Year
CPI
1996
157
1997
161
1998
163
Refer to Table 9-6. Consider the following values
of the consumer price index for 1996, 1997, and
1998: The inflation rate for 1997 was equal to
Select one:
a. 2.0 percent.
b. 1.2 percent.
c. 2.5 percent.
d. 4.0 percent.

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