If the CPI Was 170 in 1998 and Was 187

question 179

Short Answer

If the CPI was 170 in 1998 and was 187 in 1999, what was the inflation rate in 1999?

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Definitions:

Pigouvian

Relating to taxes or policies introduced to correct the effects of negative externalities in the market.

Public Park

A space, whether natural, partially natural, or man-made, dedicated to recreational activities for humans or the conservation of wildlife and natural ecosystems.

Optimum

The most favorable condition or level for growth, reproduction, or success.

Socially Optimal

The point at which the benefits to society of an action, policy, or project, are maximized, taking into account all costs and benefits.