The table below lists Mistania’s index numbers for its typical consumer’s market basket between 2008 and 2012. Assume 2008 is the base year. Year Index number2008 1002009 100.468752010 101.8752011 107.52012 115 Calculate the inflation rate between 2009 and 2010
The table below lists Mistania’s index numbers for its typical consumer’s market basket between 2008 and 2012. Assume 2008 is the base year. Year Index number2008 1002009 100.468752010 101.8752011 107.52012 115 Calculate the inflation rate between 2009 and 2010
Chapter13: Inflation
Section: Chapter Questions
Problem 2SQP
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The table below lists Mistania’s index numbers for its typical consumer’s market basket between 2008 and 2012. Assume 2008 is the base year.
Year Index number
2008 100
2009 100.46875
2010 101.875
2011 107.5
2012 115
Calculate the inflation rate between 2009 and 2010
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