Using the CPI measure of the price level,which is 100 in the base year of 2007,calculate the annual inflation rates for
(a)2013,when the index is 103.7.
(b)2014,when the index is 105.5.
(c)2015,when the index is 107.7.

Question

Quizplus · Accepted Answer

The Answer of Using the CPI measure of the price level,which is 100 in the base year of 2007,calculate the annual inflation rates for
(a)2013,when the index is 103.7.
(b)2014,when the index is 105.5.
(c)2015,when the index is 107.7.

Using the CPI Measure of the Price Level,which Is 100