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QUESTION 54 Suppose that the annual expected rates of inflation over each of the next five years are 4.5 percent, 5.5 percent, 4.6 percent, 5.8

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QUESTION 54 Suppose that the annual expected rates of inflation over each of the next five years are 4.5 percent, 5.5 percent, 4.6 percent, 5.8 percent, and 5.9 percent, respectively. What is the average expected rate of inflation over the 5-year period? Report your answer as a percentage to 1 decimal place (i.e. XX.X)

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