Question
LIMITED AMOUNT OF TIME! Please help to the best of your abilities, I will leave a nice comment and thumbs up. Thanks in advance... Use
LIMITED AMOUNT OF TIME! Please help to the best of your abilities, I will leave a nice comment and thumbs up. Thanks in advance...
Use the following data:
December 2017 130.8
December 2018 133.4
December 2019 136.4
(a) What is the inflation rate for 2018? ________ (1 mark)
(b) What is the inflation rate for 2019? _________ (1 mark)
(c) What year does statistics Canada currently use as their base year? ________ (1 mark)
(d) What is the difference between using the CPI and the GDP Deflator as a way to measure inflation? (2 marks)
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Mathematical Economics
Authors: Wade Hands, D Wade Hands
2nd Edition
0195133781, 9780195133783
