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QUESTION

Use the data provided in the table below to find the percentage change in price between 2009 and 2013 AND determine what you would expect the price...

Use the data provided in the table below to find the percentage change in price between 2009 and 2013 AND determine what you would expect the price to be in 2013 if the Government paid $164 in 2009.

Year

Widget PPI

2008

100

2009

105

2010

101

2011

108

2012

114

2013

119

a.Percentage Change = 17.82% increase; 2013 Price = $193.23

b.Percentage Change = 17.82% increase; 2013 Price = $181.82

c.Percentage Change = 13.33% increase; 2013 Price = $193.23

d.Percentage Change = 11.76% increase; 2013 Price = $183.29

e.Percentage Change = 11.76% increase; 2013 Price = $193.23

f.Percentage Change = 13.33% increase ; 2013 Price = $185.87

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