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Question: The CPIs at the start of each decade from 1940 to 2000 were

Year 1940 1950 1960 1970 1980 1990 2000

CPI 14.0 24.1 29.6 38.8 82.4 130.7 172.2

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?

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M92580906

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