Question

The table below lists annual consumer price index and inflation rates for a country over the...

  1. The table below lists annual consumer price index and inflation rates for a country over the period 20013-2018. Assume the year 2005 is used as the base year.

    Year Consumer Price Index Inflation Rate
    2013 100
    2014 115 B
    2015 125 C
    2016 140 D
    2017 A 10%
    2018 160 E

    What belongs in space E?

    a.

    10%
    b.

    15.4%
    c.

    1.4%
    d.

    3.9%
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Answer #1

Answer: d. 3.9%

Formula used in calculation:

Year

Consumer Price Index

Inflation Rate

Calculation

2013

100

-----

2014

115

15%

(115-100)/100*100

2015

125

8.69%

(125-115)/115*100

2016

140

12%

(140-125)/125*100

2017

154

10%

10% = (A – 140)/140*100

10% * (140/100) = A – 140

14 = A – 140

A = 14+140

A = 154

2018

160

3.9%

(160-154)/154*100 = 3.896%
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