Suppose the CPI last year is 121 and the CPI this year is 137. The correct method to calculate the inflation rate is # randomize O A. (137 - 121)/100 = 0.16 B. 137 × 121 = 258 C. [(137 – 121)/121] × 100 = 13.2 %3D OD. (137/121) × 100 = 113.2

Suppose the CPI last year is 121 and the CPI this year is 137. The correct method to calculate the inflation rate is # randomize O A. (137 - 121)/100 = 0.16 B. 137 × 121 = 258 C. [(137 – 121)/121] × 100 = 13.2 %3D OD. (137/121) × 100 = 113.2

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

Suppose the CPI last year
is 121 and the CPI this
year is 137. The correct
method to calculate the
inflation rate is #
randomize
O A. (137 - 121)/100 = 0.16
B. 137 × 121 = 258
C. [(137 – 121)/121] × 100 = 13.2
%3D
OD. (137/121) × 100 = 113.2

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