Q3 (3 marks). The following table reports the Consumer Price Index (CPI) data for Canada Course and Japan in 2007 and 2008 (2000=100). lack Course lack 2008 Inflation rate 2007 2008 (%) Canada 112 115 Japan 98 99 1. Calculate the annual inflation rates in Canada and Japan for 2008. 2. Suppose wages have gone up by 2 percent in both countries in 2008. In which country has the real wage (wage/price) increased in 2008