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The Graph shows changes in the Consumer Price Index for the New York

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Sajjad1994
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The Graph shows changes in the Consumer Price Index for the New York [#permalink] The Graph shows changes in the Consumer Price Index for the New York   10 Oct 2023, 10:36
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Data Insights (DI) Butler 2023-24 [Question #24, Date: Oct-09-2023] [Click here for Details]


The Graph shows changes in the Consumer Price Index for the New York– New Jersey–Connecticut tri-state area in 2010 and 2011.

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1. The greatest change in the value of the CPI in 2011 exceeds the smallest change in 2010 by .

2. The longest period during which the rate of change in the CPI consistently slows began in .

Question #2 based on the same graph is available here
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Official Answer
Dropdown 1: 0.8 point
Dropdown 2: August 2011
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bubuster171
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Re: The Graph shows changes in the Consumer Price Index for the New York [#permalink] The Graph shows changes in the Consumer Price Index for the New York   12 Oct 2023, 09:01
Kindly provide OA explanation
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Re: The Graph shows changes in the Consumer Price Index for the New York [#permalink] The Graph shows changes in the Consumer Price Index for the New York   12 Oct 2023, 11:47
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1. The greatest change in the value of the CPI in 2011 exceeds the smallest change in 2010 by ___________

0.7 (greatest change in the value of the CPI in 2011)
-0.1 (smallest change in the value of the CPI in 2010)

0.7 - (-0.1) = 0.8

0.8 is the correct answer


2. The longest period during which the rate of change in the CPI consistently slows began in ___________

August 2011 onward till December 2011 (5 months)


August 2011 is the correct answer
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Re: The Graph shows changes in the Consumer Price Index for the New York [#permalink] The Graph shows changes in the Consumer Price Index for the New York   12 Oct 2023, 23:12
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Official Explanation

(D) The smallest change in 2010 was approximately –0.1 in June 2010. The greatest change in 2011 was 0.7 in March 2011. The difference is 0.7 – (–0.1) = 0.8.

(B) In the second half of 2011, increases become smaller and by October, the CPI declines. The longest period of slowing change in the CPI was the second half of 2011, a period of six months beginning in August 2011.
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Re: The Graph shows changes in the Consumer Price Index for the New York [#permalink] The Graph shows changes in the Consumer Price Index for the New York   30 Apr 2024, 03:46
 
Sajjad1994 wrote:
Official Explanation

(D) The smallest change in 2010 was approximately –0.1 in June 2010. The greatest change in 2011 was 0.7 in March 2011. The difference is 0.7 – (–0.1) = 0.8.

(B) In the second half of 2011, increases become smaller and by October, the CPI declines. The longest period of slowing change in the CPI was the second half of 2011, a period of six months beginning in August 2011.

­chetan2u Sajjad1994
I didn't get the explanation. Please help me out here:

Greatest change in CPI in 2011 = greatest slope, which seems to be in May-11 to June-11
And least change in 2010 = least slope = 0 from Nov-10 to dec-10

When it says ''greatest/least change'', we should be taking absolute values of the changes, right?
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Re: The Graph shows changes in the Consumer Price Index for the New York [#permalink] The Graph shows changes in the Consumer Price Index for the New York   30 Apr 2024, 05:11
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ashutosh_73 wrote:
Sajjad1994 wrote:
Official Explanation

(D) The smallest change in 2010 was approximately –0.1 in June 2010. The greatest change in 2011 was 0.7 in March 2011. The difference is 0.7 – (–0.1) = 0.8.

(B) In the second half of 2011, increases become smaller and by October, the CPI declines. The longest period of slowing change in the CPI was the second half of 2011, a period of six months beginning in August 2011.

­chetan2u Sajjad1994
I didn't get the explanation. Please help me out here:

Greatest change in CPI in 2011 = greatest slope, which seems to be in May-11 to June-11
And least change in 2010 = least slope = 0 from Nov-10 to dec-10

When it says ''greatest/least change'', we should be taking absolute values of the changes, right?

­I am not very comfortable with the wordings of the question, so best left untouched.
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Re: The Graph shows changes in the Consumer Price Index for the New York [#permalink]
30 Apr 2024, 05:11
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