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Year 1940 1950 1960 1970 1975 1980 1985 1990 CPI 14.0 24.1 29.6 38.8 53.8 82.4 107.6 130.7 What was the rate of inflation during

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Year 1940 1950 1960 1970 1975 1980 1985 1990 CPI 14.0 24.1 29.6 38.8 53.8 82.4 107.6 130.7 What was the rate of inflation during the decade of the 1980s, as measured by percentage change in CPI? O 22.82% O 31.08% O 58.62% O 72.14% O 112.37%Using 1989 as a base, the price index for computers is now 185. What does this index number mean? O The price of computers has decreased 85% since 1989 O The price of computers has increased 85% since 1989 O The price of computers has increased 185% since 1989 The price of computers has increased 100% since 1989 O The price of computers is now $185 more than in 1989An economic indicator that is leading is one in which the highs, lows, and changes tend to come after or following changes in the economy. receding preceding sluggish O lagging

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