1. Calculate the inflation rate for 2007-2008: 2008-2009: 2014-2015: 2015-2016:

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter22: Inflation
Section: Chapter Questions
Problem 16RQ: What has been a typical range of inflation in the U.S. economy in the last decade or so?
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1. Calculate the inflation rate for
2007-2008:
2008–2009:
2014-2015:
2015-2016:
Transcribed Image Text:1. Calculate the inflation rate for 2007-2008: 2008–2009: 2014-2015: 2015-2016:
Year
CPI
Year
CPI
1989
124.0
2003
184.0
1990
130.7
2004
188.9
1991
136.2
2005
195.3
1992
140.3
2006
201.6
1993
144.5
2007
207.3
1994
148.2
2008
215.3
1995
152.4
2009
214.5
1996
156.9
2010
218.1
1997
160.5
2011
224.9
1998
163.0
2012
229.6
1999
166.6
2013
233.0
2000
172.2
2014
236.7
2001
177.1
2015
237.0
2002
179.7
2016
240.0
Transcribed Image Text:Year CPI Year CPI 1989 124.0 2003 184.0 1990 130.7 2004 188.9 1991 136.2 2005 195.3 1992 140.3 2006 201.6 1993 144.5 2007 207.3 1994 148.2 2008 215.3 1995 152.4 2009 214.5 1996 156.9 2010 218.1 1997 160.5 2011 224.9 1998 163.0 2012 229.6 1999 166.6 2013 233.0 2000 172.2 2014 236.7 2001 177.1 2015 237.0 2002 179.7 2016 240.0
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