Mathematics, 26.09.2019 17:20 mariaveliz2201
What are the year-2 cpi and the rate of inflation from year 1 to year 2 for a basket of goods that costs $25.00 in year 1 and $25.50 in year 2?
a.
the cpi is 25.50, and the rate of inflation is 2%.
b.
the cpi is 98.03, and the rate of inflation is 1%.
c.
the cpi is 98.03, and the rate of inflation is 2%.
d.
the cpi is 102.00, and the rate of inflation is 1%.
e.
the cpi is 102.00, and the rate of inflation is 2%.
Answers: 3
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What are the year-2 cpi and the rate of inflation from year 1 to year 2 for a basket of goods that c...
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