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1. If the CPI went from 100 to 104 during the past year, the rate of inflation, in percent, was?

1. If the CPI went from 100 to 104 during the past year, the rate of inflation, in percent, was? (please show your work)

2. If the CPI went from 231 to 234 over the past year, the rate of inflation was? (please show your work)

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Economics-8218437.doc

1. If the CPI went from 100 to 104 during the past year, the rate of inflation, in percent, was? (please show your work)
Solution:
Rate of inflation = (104 – 100)/100 x 100 = 4/100 x 100 = 4% 2....

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