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macroeconomics Question 3 Use the following table to answer the questions below 2015 2016 2017 2018 Price Quantity 12 Books $4.0 $4.5 $4.8 $5.4 Coffee

macroeconomics
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Question 3 Use the following table to answer the questions below 2015 2016 2017 2018 Price Quantity 12 Books $4.0 $4.5 $4.8 $5.4 Coffee 8 $4.1 $4.6 $5.1 $5.6 Insurance 7 $4.5 $5.0 $5.5 $6.0 1. If 2017 is the base year, what is the inflation rate between 2015-2016? 2. If 2017 is the base year, what is the inflation rate between 2017-2018? 3. If 2016 is the base year, what is the inflation rate between 2016 and 2017 and the inflation rate between 2017 and 2018? 4. If 2015 is the base year, what is the average inflation rate for the period 2015 to 2018

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