2a, In 2000, the value of the Consumer Price Index was 171.20 and the price of gasoline (per gallon) was $1.56. Six years later in 2006, the value of the Consumer Price Index was 200,43 and the price of gasoline (per gallon) was $2.56. What was the general inflation rate during this period?

2a, In 2000, the value of the Consumer Price Index was 171.20 and the price of gasoline (per gallon) was $1.56. Six years later in 2006, the value of the Consumer Price Index was 200,43 and the price of gasoline (per gallon) was $2.56. What was the general inflation rate during this period?

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter13: Inflation

Section: Chapter Questions

Problem 2SQP

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2a, In 2000, the value of the Consumer Price Index was 171.20 and the price of gasoline (per gallon) was $1.56. Six years later in 2006, the value of
the Consumer Price Index was 200,43 and the price of gasoline (per gallon) was $2.56.
What was the general inflation rate during this period?

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