The CPI Index for September 1984 is 100. The same CPI index for Septembe 1. What was the inflation rate during these 38 years? 2. What is the annualized rate of inflation for this period? 1. About 196.81% during 38 years. 2. About 2.90% per year 1 About 196 81% during 28
The CPI Index for September 1984 is 100. The same CPI index for Septembe 1. What was the inflation rate during these 38 years? 2. What is the annualized rate of inflation for this period? 1. About 196.81% during 38 years. 2. About 2.90% per year 1 About 196 81% during 28
Chapter8: Relationships Among Inflation, Interest Rates, And Exchange Rates
Section: Chapter Questions
Problem 2IEE
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Transcribed Image Text:The CPI Index for September 1984 is 100. The same CPI index for September is 296.81.
1. What was the inflation rate during these 38 years?
2. What is the annualized rate of inflation for this period?
1. About 196.81% during 38 years.
2. About 2.90% per year
1. About 196.81% during 38 years.
2. About 5.18% per year
1. About 296.81% during 38 years.
2. About 2.90% per year
1. About 296.81% during 38 years.
2. About 5.18% per year
A
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