Solved

The Table Shows Consumer Price Index Data for the United

Question 103

Short Answer

The table shows consumer price index data for the United States. Use these data to answer the following questions.
 U.S. CONSUMER PRICE INDEX  YEAR  CONSUMER  PRICE INDEX 197972.58198082.38198190.93198296.53198399.581984103.93\begin{array}{l}\text { U.S. CONSUMER PRICE INDEX }\\\begin{array} { | c | c | } \hline \text { YEAR } & \begin{array} { c } \text { CONSUMER } \\\text { PRICE INDEX }\end{array} \\\hline 1979 & 72.58 \\\hline 1980 & 82.38 \\\hline 1981 & 90.93 \\\hline 1982 & 96.53 \\\hline 1983 & 99.58 \\\hline 1984 & 103.93 \\\hline\end{array}\end{array}
(a) What was the inflation rate in 1981?
(b) What was the inflation rate in 1982?
(c) Out of the years shown in the table, which year had the highest rate of inflation?

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions