If the cpi was 140 last year and is 147 this year what is, Ask an Expert

Economics

If the CPI was 140 last year and is 147 this year, what is this year’s rate of inflation?

Instructions: Round your answer to two decimal places.

In contrast, suppose that the CPI was 140 last year and is 132 this year. What is this year’s rate of inflation?

Instructions: Round your answer to two decimal places.

What term do economists use to describe this second outcome?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91402550

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