Question
If the CPI in 2008 was 10.3% and the CPI in 2012 was15.3% find the rate of inflation?
If the CPI in 2008 was 10.3% and the CPI in 2012 was15.3% find the rate of inflation?
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ANSWER the rate of inflation is 485 EXPLANATION The Consumer Price Index CPI is a ...Get Instant Access to Expert-Tailored Solutions
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Foundations of Macroeconomics
Authors: Robin Bade, Michael Parkin
8th edition
134492005, 978-0134492001
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