Answered: If the CPI (Consumer Price Index) was…

If the CPI (Consumer Price Index) was 193 in 2005 and 172.2 in 2000, by what percentage did prices rise during the period 2000-2005? A 0.10 percent B 6.43 percent C 10 percent D 12.1 percent

Economics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506725

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter8: Economic Fluctuations, Unemployment, And Inflation

Section: Chapter Questions

Problem 12CQ

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Question

If the CPI (Consumer Price Index) was 193 in 2005 and 172.2 in 2000, by what
percentage did prices rise during the period 2000-2005?
A
0.10 percent
B
6.43 percent
C
10 percent
D
12.1 percent

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