If the CPI in 2004 is 200, and in 2005 the CPI is 180, the rate of inflation from 2004 to 2005 is A. 20%. B. 0%. C. -10%. D. 10%.
Added by Karen M.
Close
Your feedback will help us improve your experience
Azat Nurmukhametov and 71 other Microeconomics educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Key Concepts
Recommended Videos
At the end of last year; the CPI equaled 120. At the end of this year; the CPI equals 132. What is the inflation rate over this year? Select one: a. 6 percent b. 10 percent c. 12 percent d. none of these answers are correct because more information is needed to calculate the inflation rate:
Azat N.
Suppose the US Consumer price index in 2005 was 195 and the CPI for 2019 is equal to 248. What is the rate of inflation between 2005 and 2009
Nick J.
The CPIs at the start of each decade from 1940 to 2010 were are shown in Table 18.5 . $$\begin{array}{llllllll}\hline \text {Year} & 1940 & 1950 & 1960 & 1970 & 1980 & 1990 & 2000 & 2010 \\ \text {CPI} & 14.0 & 24.1 & 29.6 & 38.8 & 82.4 & 130.7 & 172.2 & 218.1 \\\hline\end{array}$$ a. Determine the percentage increase in the CPI for each decade. b. During which decade was inflation the highest, as measured by the percentage change in the CPI? c. During which decade was inflation the lowest, as measured by the percentage change in the CPI?
Dominador T.
Recommended Textbooks
Principles of Economics
Principles of Microeconomics for AP® Courses
Economics
Transcript
100,000+
Students learning Economics with Numerade
Trusted by students at 8,000+ universities
Watch the video solution with this free unlock.
EMAIL
PASSWORD
