In the year 2000, the economy produces 50 loaves of bread that sell for $1 each. In the year 2001, the economy produces 100 loaves of bread that sell for $3 each. In the year 2002, the economy produces 200 loaves of bread that sell for $4 each. What is the inflation rate for 2001 & 2002 (Use 2001 as the base year)?

inflation 2001 is  = 0 %

inflation for 2002 = 33.33%

Explanation:

given data

economy produces = 50 loaves

sell = $1 each

produces =  100 loaves

sell =  $3 each

produces =  200 loaves

sell = $4 each

solution

we get here inflation rate for 2001 & 2002 with Using 2001 as the base year so

inflation 2001 is = × 100

inflation 2001 is  = 0 %

and

CPI for 2002 will be

CPI ( 2002) = × 100

CPI ( 2002) = × 100

CPI ( 2002) = 133.33

so here inflation for 2002 is

inflation for 2002 = × 100

inflation for 2002 = × 100  

inflation for 2002 = 33.33%

false! basically!

i hope i'm correct.

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