Business, 30.03.2021 20:40 lilpeepxliltracy

Using the data provided below, calculate the inflation rate from to as measured by each of the three price indexes. (Enter your responses rounded to two decimal places.) Price Index Value in august 2017 Value in august 2018 Inflation rate
Consumer Price Index for All Urban Consumers: All Items 245.30 251.88 %
Personal Consumption Expenditures (Chain-type Price Index) 106.12 108.46 %
Personal consumption expenditures excluding food and energy (Chain-type Price Index) 108.09 110.19

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Answer from: alexis9263

Price Index

Value in Value in Inflation

August August Rate

2017 2018

Consumer Price Index for All Urban Consumers:

All Items 245.30 251.88 _2.68_%

Personal Consumption Expenditures

(Chain-type Price Index) 106.12 108.46 _2,21_%

Personal consumption expenditures

excluding food and energy

(Chain-type Price Index) 108.09 110.19 1.94%

Explanation:

a) Data:

Price Index

Value in Value in Inflation

August August Rate

2017 2018

Consumer Price Index for All Urban Consumers:

All Items 245.30 251.88 %

Personal Consumption Expenditures

(Chain-type Price Index) 106.12 108.46 %

Personal consumption expenditures

excluding food and energy

(Chain-type Price Index) 108.09 110.19

Calculations:

245.30 251.88 increase of 6.58: Rate = 6.58/245.30 * 100 = 2.68%

106.12 108.46 increase of 2.34: Rate = 2.34/106.12 * 100 = 2.21%

108.09 110.19 increase of 2.1: Rate = 2.1/108.09 * 100 = 1.94%

Answer from: Quest

the answer is d. in our global economy, most job growth will be in services, but manufacturing jobs will exist, too.

Answer from: Quest

answer; post closing trial balance;

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