If the price level increased from 120 to 142, then what was the inflation rate?   1.2 percent 0.8 percent 18.3 percent 22.0 percent

If the Consumer Price Index rises from 125 in a year to 130 in the following year, the rate of inflation in that year is:   Group of answer choices a) 4% B) 1.04% C) 3.85% D) 5%

If the CPI in period 1 is 125 and the CPI in period 2 is 150, then the rate of inflation between period 1 and period 2 is 30%. 50%. 20%. 25%.

An engineer's salary was $40,000 in 2004. The same engineer's salary in 2011 is $75,000. If the company's salary policy dictates that a yearly raise in salaries reflect the cost of Jiving increase due to inflation, what is the average inflation rate for the period 2004-2012?

The price index was 220 in one year and 238.2 in the next year. What was the inflation rate? a) 8.3 percent b) 108.3 percent C) 4.8 percent c) d) 38.2 percent

The cost of first-class postage has risen by about 5% per year over the past 30 years. The U.S. Postal Service introduced a one-time forever stamp in 2008 that cost 41 cents for first-class postage (one ounce or less), and it will be valid as first-class postage regardless of all future price increases. Let’s say you decided to purchase 1,000 of these stamps for this one-time special rate. Assume 5% inflation and your personalMARR is 10% per year (im). Did you make a sound economical decision?

Question 7 The price of a product was $0.88 in the year 2008 and $1.28 in the year 2018. What is the average annual inflation rate for this product? 3.82 % 3.68% 3.42 % 3.98 % Question 8 If the CPI for January 2008 is 208.837 and the CPI for December 2018 is 255.539, what is the average annual inflation rate (per year) from Jan 2008 to Dec 2018? (Hint: Calculate monthly inflation rate and then use annual effective interest rate) O 1.65 % ☐ 1.75% O 1.95 % O 1.85 %

If the Consumer Price Index was 107 in one year and 104 in the following year, then the rate of inflation was approximately

Calculate the inflation rate from 2016 to 2017 if the index number in 2016 was 125 and increased to 128 in 2017.

If the inflation rate is 7% per year, and your nominal income increases by 6% per year, your real income decreases by 2% decreases by 1% does not change increases by 1%