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Problem 2 (25 points) The following table is data on the consumer price index (CPI), inflation rate and monthly wages for the 2014-2018 period
Problem 2 (25 points) The following table is data on the consumer price index (CPI), inflation rate and monthly wages for the 2014-2018 period with some information omitted: Year CPI (2012= 100) Monthly salary Inflation rate (million) Rupiah) (%) 2014 116 6.00 7 2015 6.30 8 2016 6.50 9 2017 140 6.90 2018 148 7.10 2019 158 7.40 Questions: a. Complete the table above, and answer the following questions (10 points): b. With the correct formula, what was the average annual inflation rate over the past 6 years? (5 points) c. Arrange the real wage over the past six years (2014-2019) based on prices in 2017? (5 points) d. Find the consumer price index for 2014-2019, with 2018 as the base year. (5 points) 2
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