Answered: Consider Table 2 above. Calculate the…

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Consider Table 2 above. Calculate the US inflation rate from 2003 to 2004. (round to two decimal places)

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

Chapter7: Taking The Nation's Economic Pulse

Section: Chapter Questions

Problem 8CQ

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Question

Consider Table 2 above. Calculate the US inflation rate from 2003 to 2004. (round to two decimal places)

A) 1.19%

B) 1.73%

C) 2.41%

D) 2.66%

Year
US CPI
2001
177.1
2002
179.9
2003
184.0
2004
188.9

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