Select the correct answer.
what are the year-2 cpi and the rate of inflation from year 1 to yea...
Mathematics, 16.10.2019 08:30 micahsocool23
Select the correct answer.
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 cpl is 102.00, and the rate of inflation is 1%.
e)the cpi is 102.00, and the rate of inflation is 2%.
Answers: 2
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