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Complete the tablebelow, using the information and formulas provided in class 8 (see PDF document posted on Blackboard, Weekly Schedule tab, Week 8). Calculate the
- Complete the tablebelow, using the information and formulas provided in class 8 (see PDF document posted on Blackboard, Weekly Schedule tab, Week 8).
- Calculate the annual average inflation rate for the period 2000-2016 (16 years).
- Provide one example of each calculation, and round your final results to two decimal places.
Value of basket | Annual Inflation Rate | CPI index | Annual Inflation Rate | CPI index | Annual Inflation Rate | |
of goods | 2000=100 | 2010=100 | ||||
2000 | 314,726 | |||||
2001 | 315,789 | |||||
2002 | 325,263 | |||||
2003 | 341,526 | |||||
2004 | 375,679 | |||||
2005 | 368,312 | |||||
2006 | 359,329 | |||||
2007 | 378,374 | |||||
2008 | 395,022 | |||||
2009 | 430,298 | |||||
2010 | 407,865 | |||||
2011 | 592,873 | |||||
2012 | 651,567 | |||||
2013 | 755,818 | |||||
2014 | 814,016 | |||||
2015 | 859,600 | |||||
2016 | 790,074 |
Note:
1. All other answers posted on Course hero are incorrect so please give me the new correct answer.
2. Annual Inflation Rate should not be in Percentage.
3. Make sure all the Columns are filled Properly.
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