Answered: The rate of inflation for 2016 was…

The rate of inflation for 2016 was 1.3%. Did the price of Seattle Seahawks tickets exceed the inflation rate? Explain Seahawks tickets 2015: $84.60 Seahawks tickets 2016: $88.20

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

The rate of inflation for 2016 was 1.3%. Did the price of Seattle Seahawks tickets exceed the inflation rate? Explain
Seahawks tickets 2015: $84.60
Seahawks tickets 2016: $88.20

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