An analyst gathered the following year-end price level data for an economy:

2014		175
2018		191.3
2019		197.8

a. What is the economys annual inflation rate for 2019? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

b. What is the average compounded inflation rate for 20142019? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)