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den301095 [7]
3 years ago
15

If the CPI is 123 in year 1 and 143 in year 2, what is the approximate percentage change in prices between the two years?

Business
1 answer:
padilas [110]3 years ago
3 0

Answer:

B. 16.3 percent

Explanation:

The consumer price index in year 1 = 123

The consumer price index in year 2  =143

Now we have given two years consumer price index and from this information, we are required to find the percentage change in the consumer price index. Below is the formula to find the percentage change.

Percentage change in CPI = (Year 2 CPI – Year 1 CPI) / Year 1 CPI

Percentage change in CPI = (143 – 123 ) / 123

Percentage change in CPI = 0.1626 or 16.3%

Thus, Option “b” 16.3 Percent is correct.

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Answer:

b. $5,000

Explanation:

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8 0
3 years ago
If the Federal Reserve buys $8,500 worth of securities from non-bank public, and the non-bank public then keeps the payment from
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3 years ago
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5 0
3 years ago
What is the price of a share of common stock that has an expected dividend of $3.00, a tax rate of 30%, a required return of 15%
Semmy [17]

Answer:

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