if the cpi was 120 last year and is 132 this year


If the CPI was 120 last year and is 132 this year, what is this year's rate of inflation?

Instructions: Round your answer to two decimal places.

_____%

In contrast, suppose that the CPI was 120 last year and is 118 this year. What is this year's rate of inflation?

Instructions: Round your answer to two decimal places.

______%

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Macroeconomics: if the cpi was 120 last year and is 132 this year
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