Use the Consumer Price Index Below to Answer the Question

question 148

Essay

Use the Consumer Price Index below to answer the question. $$\begin{array}{l}\text { Average Annual Consumer Price Index (1982-1984 = 100) }\\\begin{array} { c | c | c | c | c | c } \text { Year } & \text { CPI } & \text { Year } & \text { CPI } & \text { Year } & \text { CPI } \\\hline 1986 & 109.6 & 1995 & 152.4 & 2004 & 188.9 \\1987 & 113.6 & 1996 & 156.9 & 2005 & 195.3 \\1988 & 118.3 & 1997 & 160.5 & 2006 & 201.6 \\1989 & 124.0 & 1998 & 163.0 & 2007 & 207.3 \\1990 & 130.7 & 1999 & 166.6 & 2008 & 215.3 \\1991 & 136.2 & 2000 & 172.2 & 2009 & 214.5 \\1992 & 140.3 & 2001 & 177.1 & 2010 & 218.1 \\1993 & 144.5 & 2002 & 179.9 & 2011 & 224.9 \\1994 & 148.2 & 2003 & 184.0 & 2012 & 229.6\end{array}\end{array}$$
-In 1995, the price of gasoline was 120.5 cents per gallon. In 2000 it was 155.0 cents per
gallon. Find the relative change in the price of gasoline over that period and compare it to
the overall rate of inflation as measured by the CPI. In real terms, was gasoline more
expensive in 1995 or 2000?

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Definitions:

Traumatic Memories

Memories of traumatic events that are deeply distressing or disturbing, often affecting an individual's mental health and behavior.

Logical Thinking

The process of reasoning consistently and rationally, applying systematic steps and acknowledging both context and complexity.

Early Caregivers

The primary individuals who provide care and support to a child during the early stages of development, typically parents or guardians.

Helpless Pattern

An orientation to failure in which individuals begin to denigrate their abilities when they encounter failure and typically stop applying themselves or trying to improve their performance.