The following question has 5 parts (a.-e.), parts d. and e. will be revealed after submitting your answer by hitting "Verify" on the preceding sections. The following table shows a price index base 100 = 2012 in Canada for the four quarters of 1987. Quarter Price Index 55.25 56.02 W N 56.57 4 57.2 Answer the following questions. Enter only the value, without the % sign or any other symbols. a. What is the annualized rate of inflation between the first and the second quarter of 1987? Express your answer in percentage rounded to the nearest first decimal (use the exact formula). b. How do you interpret the index of the first quarter of 1987: The price level is Click for List Click for List than that of 2012. c. Suppose the average hourly wage was $16.89 in the fourth quarter of 1987. Calculate the real wage in dollars of 2012. Round your answer to the nearest second decimal