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If the Consumer Price Index (CPI) for 1989 was 124 the rate of inflation between the base period and 1989 was ..?

To calculate the rate of inflation between the base period and 1989 using the Consumer Price Index (CPI), you can use the formula: [ \text{Inflation Rate} = \left( \frac{\text{CPI in 1989} - \text{CPI in base year}}{\text{CPI in base year}} \right) \times 100 ] Assuming the base period CPI is 100, the calculation would be: [ \text{Inflation Rate} = \left( \frac{124 - 100}{100} \right) \times 100 = 24% ] Thus, the rate of inflation between the base period and 1989 was 24%.


What is the formalistic approach?

The formalistic approach is a method of analysis that emphasizes the structure, form, and stylistic elements of a work, rather than its content or context. In literature, this involves examining aspects such as language, meter, rhyme, and narrative techniques to understand how they contribute to the overall meaning and experience of the text. This approach tends to prioritize the text itself over historical, social, or authorial influences, allowing for a close reading that highlights the intricacies of the work's composition.


What are the 3 approaches of GNP?

expenditures approach, income approach, industrial origin approach, value added approach


What is interpretive approach?

Interpretive approach is an approach someone uses when they are doing research.


What does the word approach mean?

The runway approach was covered with fog.I didn't know how to approach my teacher about my homework.The approach you take varies in every situation.

Related Questions

What should you do when you approach text?

text? like phone text? text them back then? :I


What are the three fundamental approaches to textual criticism?

The three fundamental approaches to textual criticism are eclectic, stemmatic, and copy-text. Eclectic approach involves selecting readings from various sources, stemmatic approach constructs a family tree of manuscripts to determine their relationships, and copy-text approach selects a single base text as the primary source for the edition.


What is a text based approach to documenting an algorithm?

pseudocode


Is a text based approach to documenting an algorithm?

pseudocode


What is the text-based approach to documenting an algorithm?

pseudocode


What does text mean in reading?

Text structure is the text's base or the material's structure( how it is built)


What is critical literacy-?

Critical literacy is a way to approach a text but reading it with a critical eye. This approach requires readers to analyze the subtext and meaning revealed in a text.


What does text structure mean in reading?

Text structure is the text's base or the material's structure( how it is built)


What does text base mean?

using evidence or examples from the text to support your answer


What is Literal Approach?

The literal approach in literature refers to an interpretation of text based solely on the words used, without considering metaphorical or symbolic meanings. It involves taking the words at face value to understand their direct and straightforward meaning within the text. This approach is useful for analyzing language and understanding the text on a surface level.


When you approach a text you should?

When you approach any text you should be focused and carefully read the content. Keep an open mind and look for contextual clues that can reveal deeper meaning or important insights.


How do you solve base and height?

To solve for the base and height of a triangle, you often need additional information, such as the area or the lengths of the sides. The area of a triangle is calculated using the formula ( \text{Area} = \frac{1}{2} \times \text{base} \times \text{height} ). If you know the area and one dimension (either base or height), you can rearrange the formula to find the unknown dimension. For example, if you have the area and base, you can find height by rearranging to ( \text{height} = \frac{2 \times \text{Area}}{\text{base}} ).