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
Is there anymore answers so i can help u? but i feel like it would be sense of humor.
Hung jury is the answer
hope it helps
9%, as the unadjusted rate of return is equal to the average yearly net income growth rate divided by the initial investment's net cost.
<h3>Calculation:</h3>
$40,090 divided by $430,00 is.093 * 100, or 9%.
<h3>If the needed rate of return is 6%, what is the present value of a cash inflow of $2,000 five years from now? Examine later?</h3>
$2600 will be given to the recipient after five years.
<h3>If the internal rate of return is 5% and the desired rate of return is 6%, should management accept the investment opportunity?</h3>
No, as the internal rate of return on the investment is lower than the intended rate of return.
To know more about unadjusted rate visit:-
brainly.com/question/13037420
#SPJ4
Answer:
socialist economy
Explanation:
A planned economy is a system where the government or the central authority makes all major economic decisions. The government decides on the type and quantities of goods to produce and for whom to produce. In the planned economy, factors of production belong to the government. Manufacture of goods and services is motivated by service to the community, not profits.
A socialist economy is a good example of a planned economy. Just like in a planned economy, a socialist economy is characterized by heavy government involvement. The state controls the factors of production. Public service is the reason for economic production, while consumers do not have the liberty to choose products.
