Asked by Natasha Finkelstein on May 07, 2024
Verified
If the CPI increases from 120.0 to 125.0 over a period, what is the percent increase in the CPI?
CPI
The Consumer Price Index, a measure that examines the weighted average of prices of a basket of consumer goods and services, often used as an indicator of inflation.
Percent Increase
The ratio, expressed as a percentage, by which a quantity increases relative to its original value.
- Implement the concepts of percentage variation when examining demographic and economic indicators.
Verified Answer
CF
Learning Objectives
- Implement the concepts of percentage variation when examining demographic and economic indicators.