Homework Answers
Inflation rate measures the increase in price level of goods and services over a period of time.
Inflation rate ={ (CPI2013- CPI2012) ÷ CPI2012} × 100
=
×100
= ×
100
= 5.81%
Therefore, inflation rate between 2012 and 2013 is 5.81%.
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7. Assuming the price index in 2012 was 86 and 91 in 2013, what was the...
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Assuming the price index in 2012 was 86 and 91 in 2013, what
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pts) Why are prices important in a market economy? Explain. ca 6 Suppose the following data describe a nation's population Year 2 Year 1 Population Labor Force Unemployment rate 310 million 315 million 160 million 7 percent 150 million 8 percent How many people are unemployed in each year? (5 pts) How many people are employed...
Need help, please show work
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Need help, please show work
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