Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Price of Soya Beans Year Price in $/tonne (Dec 31st) Consumer Price Index (Jan 1st - Dec 31st) 1 $340 +3.9% 2 $358 +4.2% 3
Price of Soya Beans
Year | Price in $/tonne (Dec 31st) | Consumer Price Index (Jan 1st - Dec 31st) |
1 | $340 | +3.9% |
2 | $358 | +4.2% |
3 | $348 | +3.1% |
4 | $346 | +2.5% |
5 | $359 | +1.7% |
6 | $375 | +2.1% |
By how much has the Consumer Price Index risen between the start of Year 1 and the end of Year 6? A. 11.90% B. 13.60% C. 15.40% D. 17.50% E. 18.80%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started