Question

Consider the values for the CPI years below: 2008 the value was 215.303 2009 the value was 214.537 Calculate the absolute change for the CPI from 2008 to 2009.

Answer 1

`Absolute\ Change = -0.766`

Explanation:

Given

`2008\ CPI = 215.303`

`2009\ CPI = 214.537`

Required

Determine the absolute change

Absolute change is calculated as thus:

`Absolute\ Change = 2009\ CPI - 2008\ CPI`

`Absolute\ Change = 214.537 - 215.303`

`Absolute\ Change = -0.766`

Hence:

The absolute change from 2008 to 2009 is -0.766