Part C: Using Price Indexes The following question has 5 parts [a.-e.}, parts d. and e. will be revealed after submitting your answer by hitting \"Verify\" on the preceding sections. The following table shows a price index base 100 = 2912 in Canada for the four quarters of 1938. Quarter Price Index 1 5?.82 2 58.2? 3 59.22 4 59.99 Answer the following questions. Enter only the value, without the 96 sign or any other symbols. a. What is the annualized rate of ination between the first and the second quarter of 1988? Express your answer in percentage rounded to the nearest rst decimal (use the exact formula). lee b. How do you interpret the index of the rst quarter of 1 988: The price level is |@ E Clickfor List - | Click for List v than that of 2012. perce n1 c. Suppose the average hourly wage was $12.33 it 1988. Calculate the real wage in dollars of 2012. Round your answer to the nearest second decimal. 1m Part C: Using Price Indexes The following question has 5 parts (a.-e.), parts d. and e. will be revealed after submitting your answer by hitting "Verify" on the preceding sections. The following table shows a price index base 100 = 2012 in Canada for the four quarters of 1988. Quarter Price Index 57.82 2 58.27 3 59.22 4 59.99 Answer the following questions. Enter only the value, without the % sign or any other symbols. a. What is the annualized rate of inflation between the first and the second quarter of 1988? Express your answer in percentage rounded to the nearest first decimal (use the exact formula). b. How do you interpret the index of the first quarter of 1988: The price level is Click for List Click for List than that of 2012. higher lower c. Suppose the average hourly wage was $12.33 in the fourth quarter of 1 -. wage in dollars of 2012. Round your answer to the nearest second decimal