drag each tile to the correct box. the cpi basket price for two consecutive years in five different…

Explanation:

Step1: Recall inflation - rate formula

The formula for the inflation rate is $\text{Inflation Rate}=\frac{CPI_{2}-CPI_{1}}{CPI_{1}}\times100%$, where $CPI_{1}$ is the CPI in year 1 and $CPI_{2}$ is the CPI in year 2.

Step2: Calculate inflation rate for first economy

For Year 1 = $$73.00$ and Year 2 = $$74.30$, $\text{Inflation Rate}_1=\frac{74.30 - 73.00}{73.00}\times100%=\frac{1.3}{73.00}\times100%\approx1.78%$.

Step3: Calculate inflation rate for second economy

For Year 1 = $$75.00$ and Year 2 = $$76.15$, $\text{Inflation Rate}_2=\frac{76.15 - 75.00}{75.00}\times100%=\frac{1.15}{75.00}\times100%\approx1.53%$.

Step4: Calculate inflation rate for third economy

For Year 1 = $$88.00$ and Year 2 = $$89.25$, $\text{Inflation Rate}_3=\frac{89.25 - 88.00}{88.00}\times100%=\frac{1.25}{88.00}\times100%\approx1.42%$.

Step5: Calculate inflation rate for fourth economy

For Year 1 = $$72.50$ and Year 2 = $$73.75$, $\text{Inflation Rate}_4=\frac{73.75 - 72.50}{72.50}\times100%=\frac{1.25}{72.50}\times100%\approx1.72%$.

Step6: Calculate inflation rate for fifth economy

For Year 1 = $$79.00$ and Year 2 = $$80.25$, $\text{Inflation Rate}_5=\frac{80.25 - 79.00}{79.00}\times100%=\frac{1.25}{79.00}\times100%\approx1.58%$.

Step7: Order the inflation - rates

Comparing the values: $1.42%\lt1.53%\lt1.58%\lt1.72%\lt1.78%$. The order of the tiles from least to greatest inflation rate: Year 1 = $$88.00$, Year 2 = $$89.25$; Year 1 = $$75.00$, Year 2 = $$76.15$; Year 1 = $$79.00$, Year 2 = $$80.25$; Year 1 = $$72.50$, Year 2 = $$73.75$; Year 1 = $$73.00$, Year 2 = $$74.30$

Answer:

Year 1 = $$88.00$, Year 2 = $$89.25$; Year 1 = $$75.00$, Year 2 = $$76.15$; Year 1 = $$79.00$, Year 2 = $$80.25$; Year 1 = $$72.50$, Year 2 = $$73.75$; Year 1 = $$73.00$, Year 2 = $$74.30$