Using the data in the table below, calculate the CPI and the inflation rate in each year, using 2013 as a base year. Instructions: Round your answers to one decimal place. Year 2013 2014 2015 2016 2017 2018 Cost of Basket ($) 20,000 21,650 22,800 26,250 28,835 32,800 CPI Inflation Rate

Using the data in the table below, calculate the CPI and the inflation rate in each year, using 2013 as a base year. Instructions: Round your answers to one decimal place. Year 2013 2014 2015 2016 2017 2018 Cost of Basket ($) 20,000 21,650 22,800 26,250 28,835 32,800 CPI Inflation Rate

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

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Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Using the data in the table below, calculate the CPI and the inflation rate in each year, using 2013 as a base year.
Instructions: Round your answers to one decimal place.
Year
2013
2014
2015
2016
2017
2018
Cost of Basket ($)
20,000
21,650
22,800
26,250
28,835
32,800
CPI
Inflation Rate

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