\n The inflation rates in the U.S. economy for 2001 through 2004 are 3.4%, 2.8%, 1.6%, and 2.3%, respectively.\u2020 What was the purchasing power of a dollar at the beginning of 2004 compared to that at the beginning of 2001? (Round your answer to the nearest cent.)\n <\/p>\n
If we take 1967=100 as base year i.e, the value of USD as $1.00 then with rising inflation the value of $1.00 in 2001 was 0.189 and in 2004 it was 0.177.In the given formula if we calculate the…\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
The inflation rates in the U.S. economy for 2001 through 2004 are 3.4%, 2.8%, 1.6%, and 2.3%, respectively.\u2020 What was the purchasing power of a dollar at the beginning of 2004 compared to that at the beginning of 2001? (Round your answer to the nearest cent.) If we take 1967=100 as base year i.e, the […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_joinchat":[]},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/posts\/226847"}],"collection":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/comments?post=226847"}],"version-history":[{"count":0,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/posts\/226847\/revisions"}],"wp:attachment":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/media?parent=226847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/categories?post=226847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/tags?post=226847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}