Consider the follow ing consumer price index and producer price index for 2006-2009. Year CPI (1982-84 =100)
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Consider the follow ing consumer price index and producer price index for 2006-2009.
Year CPI (1982-84 =100) PPI (1982 = 100)
2006 201.59 164.80 2007 207.34 172.70 2008 215.30 189.60 2009 214.54 172.90 Source: Bureau of Labor Statistics.
a. Use the relevant price index to deflate the data on net revenue o f Citigroup, given in the previous exercise.
b. Use the relevant price index to deflate the data on net income of Citigroup, given in the previous exercise.
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