Ask Question
BusinessBusiness
18 March, 20:57

If the CPI rises to 150 from 120, then prices have

A) risen 20 percent.

B) risen 25 percent.

C) risen 30 percent.

D) fallen 20 percent.

+1
Answers (1)
  1. 19 March, 00:10
    0
    B) risen 25 percent.

    Explanation:

    The inflation rate is the rate at which overall prices are increasing in the economy in a period. It is expressed as a CPI value.

    Given CPI for different periods, inflation can be calculated using the formula below.

    Inflation = new CPI - old CPI x 100

    old CPI

    In the case

    The inflation rate will be 150 - 120 x 100

    120

    =30/120 x 100

    =25%
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “If the CPI rises to 150 from 120, then prices have A) risen 20 percent. B) risen 25 percent. C) risen 30 percent. D) fallen 20 percent. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
In which stage of the product life cycle does price decrease as competition increases and inefficient, high-cost firms are eliminated?
Answers (1)
Lance Brothers Enterprises acquired $710,000 of 4% bonds, dated July 1, on July 1, 2021, as a long-term investment. Management has the positive intent and ability to hold the bonds until maturity.
Answers (1)
Wealth is the total value of what a person owns, minus any debt he or she has. In the United States, the wealth gap has reached new heights and is still increasing.
Answers (1)
Is a philosophy of continuous improvement of products and processes?
Answers (1)
Listed below are costs (or discounts) to purchase or construct new plant assets. 1. Indicate whether the costs should be expensed or capitalized. 2.
Answers (1)
New Questions in Business
A firm plans to begin production of a new small appliance. The manager must decide whether to purchase the motors for the appliance from a vendor at $8 each or to produce them in-house.
Answers (2)
A stock's holding period return represents: a. the return from a stock relative to the return from a specific portfolio. b. the total return earned over a specific period through buying and selling an asset. c.
Answers (1)
Evaluate the current China/Taiwan logistics costs. Assume a current total volume of 190,000 CBM and that 89 percent is shipped direct from the supplier plants in containers.
Answers (1)
Given the pork supply function Q = 178 + 40p - 60p_h. how does the supply function, Q = 88 + 40p. change if the price of hogs increases from $1.50 to $1.90 per kg? If the price of hogs increases to $1.90 per kg, then the supply function will be Q =
Answers (1)
An example of inflation is, if the amount of money in a country doubled, but the production of goods and services stayed the same, the price of all goods and services would decline by about half, assuming that other factors, such as external trade,
Answers (1)
Home » Business » If the CPI rises to 150 from 120, then prices have A) risen 20 percent. B) risen 25 percent. C) risen 30 percent. D) fallen 20 percent.
Sign Up Forgot Password?