1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ch4aika [34]
2 years ago
15

If the cpi was 240 in year 1 and 245.1 in year 2, what is the inflation rate between year 1 and year 2?

Business
1 answer:
Ulleksa [173]2 years ago
6 0

The inflation rate between years 1 and 2 is 2.13%

What is CPI?

CPI means consumer price index, the consumer price index measures the change in prices of a basket of  goods and services from one period to another, like the change in prices or inflation rate  from one year to another year.

The inflation rate can be expressed in the current year CPI divided by the prior year CPI as shown by the CPI formula shown below:

inflation rate=(CPI year 2/CPI year 1)-1

CPI year 2=245.1

CPI year 1=240

inflation rate=(245.1/240)-1

inflation rate=2.13%

The implication of the above computation is that the inflation rate between year 1 and year 2 is approximately 2.13% when  rounded to 2 decimal places.

In other words, the prices of goods and services has increase by 2.13% on the average between the two years

Read more on CPI on:brainly.com/question/11397263

#SPJ1

You might be interested in
Fashion, Inc. had a Retained Earnings balance of $16,000 at December 31, 2021. The company had an average income of $6,500 over
avanturin [10]

Answer:

Total amount of dividends paid over the last three years is $20500

Explanation:

The net income of the company is either retained in the company or paid out as dividends. To calculate the value of the ending retained earnings, we use the following formula,

Ending balance = Beginning balance + Net Income - Dividends

We first need to calculate the total net income for the 3 year period. The total net income for the 3 year period is, 3 * 6500 = $19500

Plugging in the available values for the ending and beginning balance of retained earnings and net income, we can calculate the value of total dividends paid for the three year period.

15000 = 16000 + 19500 - Dividends

Dividends = 35500 - 15000

Dividends = $20500

4 0
3 years ago
A tax preparer is part of
USPshnik [31]
C would be the answer
8 0
3 years ago
Read 2 more answers
QUIZLET: Most foreign exchange comes to Central Africa from Group of answer choices plantation plant products forest products mi
andreyandreev [35.5K]

The activity that brings in the most foreign exchange to Central Africa is <u>Mining</u>.

<h3>How much mining is done in Central Africa?</h3>

Central African nations such as Central African Republic are well known to have a lot of natural resources.

Minerals available include copper, diamonds, limestone, uranium and others. As a result, mining these minerals brings foreign exchange to the region.

Find out more on international trade at brainly.com/question/15115779.

#SPJ1

3 0
2 years ago
Ben wants to purchase a new tablet. He spends a lot of time researching the latest features available on different brands of tab
Vladimir [108]

Answer:

motivated

Explanation:

to purchase the target, making him a (n) motivated consumer

5 0
3 years ago
Read the following descriptions of several different environments. Based on the information given, sort each environment into th
Varvara68 [4.7K]

Answer:

Have been mechanical weathering to prevail.

A chilly, humid atmosphere at high altitude, where freezing and thawing are prevalent.

An uplifting dry cold atmosphere wherein material is eliminated out of an inherent pluton / intrusive igneous rock by erosion.

Weathering of chemicals would prevail.

A warm atmosphere with several brief but intense rain storms. A warm and humid atmosphere with intense rainfall that happens all year round.

A warm and wet atmosphere with annual precipitation above normal and many turbulent seasons annually.

6 0
3 years ago
Other questions:
  • checking account A charges a monthly service fee of $23 and a wire transfer fee of $7.50, while checking account B charges a mon
    12·2 answers
  • On September 18, 2019, Gerald received land and a building from Frank as a gift. No gift tax was paid on the transfer. Frank’s r
    11·1 answer
  • You’ve recently learned that the company where you work is being sold for $300,000. The company’s income statement indicates cur
    14·1 answer
  • You are a professional financial analyst that is employed to help evaluate possible merger and acquisition candidates. You have
    14·1 answer
  • For each market listed below, determine whether it is best characterized as a Cournot oligopoly, Stackelberg oligopoly, or Bertr
    7·1 answer
  • Jerry, a partner with 30 percent capital and profits interest, received his Schedule K-1 from Plush Pillows, LP. At the beginnin
    15·1 answer
  • Sal’s satellite company broadcasts TV to subscribers in Los Angeles and New York. The demand functions for each of these two gro
    9·1 answer
  • What is the cell membrane? ​
    11·1 answer
  • 3. A los factores productivos, dentro del proceso<br> de producción, también se conoce como..
    6·1 answer
  • On-shelf in stock percentage best describes a product availability metric for a ______.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!