Ask a New Question
Search
Asked by
stacy lee
If inflation had been 3% each year from 2002 to 2012, what would be the CPI have been in 2012?
Answers
Answers
Answered by
Damon
1.03^10 = 1.344
34.4 percent higher costs in 2002 dollars
Related Questions
Related
what is inflation?
1. What is inflation? * 1 point When prices of goods and services go up When prices of goods a...
Inflation
How does inflation p r i m a r i l y d i f f e r f r o m d e f l a t i o n?
What happens during inflation? Responses Prices fall and people start spending again. Price...
What happens during inflation? Responses There's more money in circulation and the prices rise...
What is inflation and how did the government try to get it under control?