Chapter 6, Problem 4.9P

Sub-Part

A

To determine

the value of consumer price index in the base year and the annual rate of consumer price inflation in 2015 when the CPI equals 200 in 2014 and 240 in 2015.

Concept Introduction:

Consumer Price Index: It is a measure of average change in prices over the period of time.

Sub-Part

B

To determine

the value of consumer price index in the base year and the annual rate of consumer price inflation in 2015 when the CPI equals 150 in 2014 and 175 in 2015.

Concept Introduction:

Consumer Price Index: It is a measure of average change in prices over the period of time.

Sub-Part

C

To determine

the value of consumer price index in the base year and the annual rate of consumer price inflation in 2015 when the CPI equals 325 in 2014 and 340 in 2015.

Concept Introduction:

Consumer Price Index: It is a measure of average change in prices over the period of time.

Sub-Part

D

To determine

the value of consumer price index in the base year and the annual rate of consumer price inflation in 2015 when the CPI equals 325 in 2014 and 315 in 2015.

Concept Introduction:

Consumer Price Index: It is a measure of average change in prices over the period of time.