Question

Consider the values for the CPI years below: 2008 the value was 215.303 2009 the value was 214.537 Calculate the absolute change for the CPI from 2008 to 2009.

Answer 1

Answer:

$Absolute\ Change = -0.766$

Step-by-step explanation:

Given

$2008\ CPI = 215.303$

$2009\ CPI = 214.537$

Required

Determine the absolute change

Absolute change is calculated as thus:

$Absolute\ Change = 2009\ CPI - 2008\ CPI$

$Absolute\ Change = 214.537 - 215.303$

$Absolute\ Change = -0.766$

Hence:

The absolute change from 2008 to 2009 is -0.766