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I. Essay : Answer the following questions in no less than a sixty-word count. 1.Explain the usual reasons why countries experience inflation? Give examples. 2.When

I. Essay: Answer the following questions in no less than a sixty-word count.

1.Explain the usual reasons why countries experience inflation? Give examples.

2.When did the Philippines experience hyperinflation? Discuss your answer.

II. Computation: Compute for the inflation rate given the hypothetical table below:

Year CPI Inflation 2 2.1 3 2.5 3 3.1 3.3

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