The inflation rate between 2014 and 2015 was ______ percent.

Round your answer to the nearest tenth of a percent.

Question

The inflation rate between 2014 and 2015 was ______ percent.

Round your answer to the nearest tenth of a percent.

BlackTom AI · Accepted Answer

The given item asks for the inflation rate between 2014 and 2015 and asks to round to the nearest tenth of a percent.

First, identify the data needed: the inflation rate over a period is typically calculated as the percentage change in the price level (commonly the Consumer Price Index, CPI) from the earlier year to the later year. The standard formula is: (CPI_2015 − CPI_2014) / CPI_2014 × 100%

Next, check what data are provided in the question. In this case, there are no CPI values or index numbers given for 2014 or 2015, and there are no multiple-choice options to guide the calculation. Without these numeric values, we cannot perform the calculation to produce a numeric percent.

Therefore, to proceed, you would need either:
- The CPI (or other price level) for 2014 and 2015, or
- The inflation rate or percent change explicitly stated in the problem.

If you obtain CPI_2014 and CPI_2015, substitute them into the formula and compute the result. After computing the raw percentage change, round the final value to the nearest tenth of a percent as instructed.

Illustrative example (not using real data): suppose CPI_2014 = 100 and CPI_2015 = 103. Then inflation = (103 − 100) / 100 × 100% = 3.0%. You would report 3.0% when rounded to the nearest tenth.

In summary, the procedure is clear, but the necessary numeric values are missing in the prompt, so no numerical rate can be produced from the information given. Once CPI values are provided, apply the formula, then round to one decimal place as requested.

FA25 ECON 302 002 Homework #6 (Inflation)

The inflation rate between 2014 and 2015 was ______ percent. Round your answer to the nearest tenth of a percent.

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