Looking at some travel magazines,y You do some further investigating and discove

Question

Looking at some travel magazines,y You do some further investigating and discover that the reference base period in Turkey is 2000 and in Brazi it is 2001. The CPI in Brazil in 2000 was 60 By what percentage did the CPl in Turkey rise between 2000 and 2008? By what percentage did the CPl in Brazil rise between 2000 and 2008 The CPl in Turkey rose percent between 2000 and 2008 p>> Answer to 1 decimal place The CPI in Brazil rose percent between 2000 and 2008 3x> Answer to 1 decimal place

Explanation / Answer

Ans:

Calculation of percentage change in CPI between 2000 and 2008

1) CPI in Turkey = (434 - 100) / 100

= 334 / 100

= 3.34 or 334%  

Hence CPI in Turkey rose by 334%

2) CPI in Brazil = (166 - 60) / 60

= 106 / 60

= 176.6%

Hence CPI in Brazil rose by 176.6%

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