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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

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.)

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