Question
The following table lists the actual per-gallon prices for unleaded regular gasoline for March of each year between 2020 and 2022, together with the values
The following table lists the actual per-gallon prices for unleaded regular gasoline for March of each year between 2020 and 2022, together with the values of the CPIs for those years in the US. For each year from 2020 to 2022, find the inflation rate and the change in the real price of gasoline, both from the previous year.
(Give your answer rounded to three decimal places.)
| Year | Price ($/gallon) | CPI (1982-1984=100) | Real Price ($/gallon) | Inflation Rate (%) | Change in the real price (%) |
| 2020 | 2.533 | 2.582 | ? | - | - |
| 2021 | 2.587 | 2.650 | ? | ? | ? |
| 2022 | 3.611 | 2.877 | ? | ? | ? |
Answer where the question marks (?) are.
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Accounting Principles
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
12th edition
1119132223, 978-1-119-0944, 1118875052, 978-1119132226, 978-1118875056
