What are the year-2 CPI and the rate of inflation from year 1 to year 2 for a basket of goods that costs $25.00 in year 1 and $2
5.50 in year 2?
2 answers:
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Answer:
As you can see, the difference between the reciprocal of and the inverse of
is that
and
.
Step-by-step explanation:
First lets find both the reciprocal of and the inverse of
Recall that the reciprocal of a value is where you take a fraction and swap the places of the terms. In the case of , 1 is the denominator, so
To find the inverse of a function, you first need swap the locations of x and y in the equation
Now, you need to solve for y
Now, lets rewrite each of these to better compare them
As you can see, the difference between the reciprocal of and the inverse of