Ask question

Ask question

All categories

3 years ago

5

A consumer survey conducted in two consecutive years found that a fixed basket of goods and services cost $36.00 in year 1 and $

36.75 in year 2. The rate of inflation from year 1 to year 2 is

1 answer:

docker41 [41]3 years ago

7 0

Answer:

0.021/yr or 2.1%/yr

Step-by-step explanation:

Find the quotient:

$36.75/$36.00

This comes out to 1.021,

so the inflation rate is 1.021 - 1.000 = 0.021 or 2.1%/year

You might be interested in

If sin theta = -(sqrt(3))/2 and pi < theta < (3pi)/2, what are the values of cos theta and tan theta?

Gwar [14]

For $\pi$ , we expect $\cos\theta$ . Then recalling that $\sin^2\theta+\cos^2\theta=1$ , we have

$\cos\theta=-\sqrt{1-\sin^2\theta}=-\dfrac12$

Then by definition of tangent,

$\tan\theta=\dfrac{\sin\theta}{\cos\theta}=\dfrac{-\frac{\sqrt3}2}{-\frac12}=\sqrt3$

3 0

4 years ago

Read 2 more answers

How can we determine if two events are independent?

ivanzaharov [21]

Two events are independent if the outcome of the second event is not affected by knowing the outcome of the first outcome.Example: If you have a bag of marbles of 3 red, 4 yellow, and 2 green, and you grab a yellow marble out of the bag then replace it what is the probability of grabbing another yellow one. Since you replaced it the probability of the second is not affected by the first one.

4 0

4 years ago

Green's Flowers delivers standard flower

laiz [17]

Answer Greens charges less by 14.2%

4 0

3 years ago

In which of the following intervals does the trigonometric inequality csc(x) > - sec(x) always hold true?

Rashid [163]

Answer:

the 2nd

Step-by-step explanation:

ik

4 0

3 years ago

Fill in each balance???

tatiyna

Answer:

Step-by-step explanation:

Take the beginning number and add or subtract each transaction to get a new balance. For example,

349.45

- 23.42 = 326.03

- 14.95 = 311.08

+ 276.50 = 587.58

- 219.93 = 367.65

- 76.84 = 290.81

7 0

3 years ago