ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Answer ASAP please write the formula used please.
2a, In 2000, the value of the Consumer Price Index was 171.20 and the price of gasoline (per gallon) was $1.56. Six years later in 2006, the value of the Consumer Price Index was 200,43 and the price of gasoline (per gallon) was $2.56. What was the general inflation rate during this period?
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Transcribed Image Text:2a, In 2000, the value of the Consumer Price Index was 171.20 and the price of gasoline (per gallon) was $1.56. Six years later in 2006, the value of the Consumer Price Index was 200,43 and the price of gasoline (per gallon) was $2.56. What was the general inflation rate during this period?
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