Question

Question 13 pts The cost of the market basket in 2017 was $5,015. The cost of the market basket in 2018 was $5,100. The cost of the market basket in 2019 was $5,200. The base year is 2017. What is the CPI for each year? Group of answer choices 2017 CPI 104; 2018 CPI 100; 2019 CPI 102 2017 CPI 102; 2018 CPI 104; 2019 CPI 100 2017 CPI 100; 2018 CPI 102; 2019 CPI 104 2017 CPI 100; 2018 CPI 104; 2019 CPI 102 Flag question: Question 2 Question 24 pts The cost of the market basket in 2017 was $5,015. The cost of the market basket in 2018 was $5,100. The cost of the market basket in 2019 was $5,200. The base year is 2017. How much inflation occurred between 2018 and 2019? Group of answer choices 1% 2% 4% 5% Flag question: Question 3 Question 34 pts The cost of the market basket in 2017 was $5,015. The cost of the market basket in 2018 was $5,100. The cost of the market basket in 2019 was $5,200. The base year is 2017. How much inflation occurred between 2017 and 2019? Group of answer choices 1% 2% 4% 5%

Answer 1

The Consumer Price Index (CPI) for 2017 was 102, for 2018 was 104 and for 2019 was 102. This means that there was a 2% inflation rate between 2018 and 2019, and a 4% inflation rate between 2017 and 2019.

hope this helped :)