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In this exercise we see the cumulative effects of inflation. Refer to the CPI table. Consider the one-year inflation rate for each of the three
In this exercise we see the cumulative effects of inflation. Refer to the CPI table. Consider the one-year inflation rate for each of the three years from December 1971 to December 1974. Find the sum of these three numbers. (Round your answer to one decimal place.)
Is the sum the same as finding the three-year inflation rate from December 1971 to December 1974?
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