Answered: 4. Following are the data for the Ohio…

4. Following are the data for the Ohio Construction Cost Indx (OCCI): Year OCCI 2000 100 2018 170 The inflation rate for construction projects is expected to be:

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

4. Following are the data for the Ohio Construction Cost Indx (OCCI):
Year OCCI
2000 100
2018 170
The inflation rate for construction projects is expected to be:
а. 3%
b. 2%
с. 1.5%
d. 2.5%
е. 3.4%

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