Question

The table below gives the CPI and the price of gasoline per gallon in the fictitious country "Alpha' between 2010 and 2015. For each year find the percent change in the price of gasoline from the previous year's price, the CPI Inflation rate, and the change in the relative price of gasoline. Instructions: Enter your responses rounded to one decimal place. If you are entering any negative numbers be sure to include a negative sign() in front of those numbers. Percent change in gasoline price Change in relative price of gasoline Inflation Year 2010 2011 CPI 1.60 1.80 * % Gasoline price ($/gallon) $0.80 $1.00 $1.25 $1.65 $1.70 $1.87 2.00 $ $ 2012 2013 2014 2015 2.04 2.21 2.25 $ 3 %

Answer 1

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Cosoline ls in gasolnephrines CPI Year Infletien Clouge in aulafie pred of gasoline 2010 1.6 $08 12.57. lis 251 12.57 2011 -1:34.7. lilliy 257 2 2012 $1.25 21 - 9.117 32-1. 2.04 2013 $1.65 15%. 3:03:1 174. 2.21 $7: 70 2014 -15.191. 1.817 2015 $1.87 2.25