Final answer:
The correlation between the Consumer Price Index (CPI) and time based on the given graph from 1950 to 2002 is positive correlation; as time passes, the CPI increases.
Step-by-step explanation:
The correlation between the Consumer Price Index (CPI) and time based on the given graph from 1950 to 2002 is positive correlation; as time passes, the CPI increases.
The Consumer Price Index (CPI) measures the average change over time in prices paid by urban consumers for consumer goods and services. As the economy grows and inflation occurs, prices generally increase over time. This is reflected in the positive correlation between the CPI and time shown in the graph.
It's important to note that this correlation may not hold true in all cases, as there are various factors that can affect the CPI, such as changes in government policy, economic conditions, and consumer behavior.