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Question 12 Consider the following data about the economy in two different years: 3 pts Average Price of a House CPI 1987 $121,000 120 2007

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Question 12 Consider the following data about the economy in two different years: 3 pts Average Price of a House CPI 1987 $121,000 120 2007 $217,000 225 The CPI in 2017 was 248. Answer the following questions and round all answers to two decimal places. What was the ination rate between 1987 and 2007? % Calculate the real value of a house in 1987, measured in 2017 dollars: Calculate the real value of a house in 2007, measured in 2017 dollars

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