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QUESTION 16 Mickey Marabella , a Central Bank economist, noticed that the total group purchasing basket of goods (CP) has gone down from $209,490.00 to

QUESTION 16 Mickey Marabella , a Central Bank economist, noticed that the total group purchasing basket of goods (CP) has gone down from $209,490.00 to $136,350.00 in 7 years. With monthly compounding, what is the annualized rate of loss/decline (CAGR)? a.-3.5696% b. -0.4959% C.-6.1194% d. 0.0427%

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