## Related questions with answers

$\begin{array}{|c|c|c|} \hline & \begin{array}{c} \text { Average Salary } \\ \text { Increase } \end{array} & \begin{array}{c} \text { Consumer } \\ \text { Price Index } \end{array} \\ \hline 1993 & 4.6 \% & 3.0 \% \\ \hline 1994 & 4.2 \% & 2.5 \% \\ \hline 1995 & 4.2 \% & 2.8 \% \\ \hline 1996 & 4.1 \% & 2.9 \% \\ \hline 1997 & 4.1 \% & 2.3 \% \\ \hline 1998 & 4.1 \% & 1.6 \% \\ \hline 1999 & 3.4 \% & 2.2 \% \\ \hline 2000 & 4.1 \% & 3.4 \% \\ \hline 2001 & 3.8 \% & 2.8 \% \\ \hline 2002 & 3.3 \% & 1.6 \% \\ \hline 2003 & 2.9 \% & 2.3 \% \\ \hline \end{array}$

Does the trend for the Consumer Price Index percents during those years also remain about the same?

Solution

VerifiedFor this exercise, we are to determine the range of years wherein the average salary increase remains unchanged.

*How can we look at the trend for the average consumer index?*

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