Economics question... 2000POINTS !!!!?

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Economics question... 2000POINTS !!!!?

If the consumer price index (CPI) in 2001 was 200 and the CPI in 2002 was 215, the rate of inflation was:

a. 215
b.15 percent
c. 5 percent
d. 7.5 percent
e. 8 percent

To obtain all 2000 POINTS... show/explain your work

2007-03-02 04:22:36 · 4 answers · asked by Anonymous in Social Science ➔ Economics

4 answers

Inflation is the rate of increase in the CPI.....

7.5% = 100* (215 - 200)/200

So, the answer is D.

2007-03-02 04:29:22 · answer #1 · answered by Allan 6 · 0⤊ 0⤋

200 + 7.5% = 215

2007-03-02 12:31:26 · answer #2 · answered by c0mplicated_s0ul 5 · 0⤊ 0⤋

f. You can't give someone 2000 points.

2007-03-02 12:31:50 · answer #3 · answered by Anonymous · 0⤊ 0⤋

2007-03-02 13:14:05 · answer #4 · answered by peachapples12 1 · 0⤊ 0⤋