9. Inflation (LO2, CFA2) An analyst gathered the following year-end price level data for an economy: 2014

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9. Inflation (LO2, CFA2) An analyst gathered the following year-end price level data for an economy:

2014 174.0 2018 190.3 2019 196.8 What is the economy’s annual inflation rate for 2019? What is the average compounded inflation rate for 2014–2019?

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