Mathematics All Around, Books a la carte edition (6th Edition)

6th Edition

ISBN: 9780134462448

Author: Pirnot, Tom

Publisher: PEARSON

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Textbook Question

Chapter 8.1, Problem 71E

Recall that the Consumer Price Index (CPI) is a measure of inflation reached by comparing current prices with base prices in 1982–84. However, it is a mistake to interpret a change in the CPI as the actual percent of inflation. For example, from 2013 to 2014, the CPI for candy and chewing gum rose from 138.5 to 141.2. However, the rate of inflation for these items was only $ 141.2 − 138.5 138.5 ≈ 0.019 = 1.9 % .For Exercises 71–74, use the given information to fill in the missing items in the table

Item	CPI for Item in 2005	CPI for Item in 2015	Percent of Increase
Ice cream	179.1	221.8	_ _ _

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Chapter 8.1, Problem 70E

Chapter 8.1, Problem 72E

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Chapter 8 Solutions

Mathematics All Around, Books a la carte edition (6th Edition)

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Solution Summary: The author explains how the CPI for Ice cream rose from 179.1 to 221.8 from 2005 to 2015.

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