Problem 07-03 Using the Consumer Price Index (CPI) detailed in the table below. Year 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 CPI 130.7 136.2 140.3 144.5 148.2 152.4 156.9 160.5 163.0 166.6 172.2 177.1 179.7 184.0 188.9 2007-2008: Year 2005 2006 2007 2008-2009: 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Instructions: Round your responses to one decimal place. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. a. Calculate the inflation rate for %6 96 CPI 195.3 201.6 207.3 215.3 214.5 218.1 224.9 229.6 233.0 238.7 237.0 240.0 245.1 251.1 255.7 2014-2015: 2015-2016: b. c. Which years had inflation? Which years had deflation? In 2007-2008, there was (Click to select) V In 2008-2009, there was (Click to select) In 2014-2015, there was (Click to select) In 2015-2016, there was (Click to select) V 96 96

Using the Consumer Price index (CPD) detalled in the table below. Instructions: Round your responses to one decimal place, if you are entering a ny negative numbers be sure to include o negative sign () in front of those numbers a. Calculate the infiation rate for 20072008=200820092014201520152016: b. C. Which years hed inflation? Which years had deflation? in 2007-2008, there was in 2000-2009, there was In 2014-2015, there was In 2015-2016, there was