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 4 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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