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Find the annual inflation rate; use the CPI measure of the price level.

Using the CPI measure of the price level, which is 100 in the base year of 2004, Compute the annual inflation rates for

(a) 2005, when the index is 103.7

(b) 2006, when the index is 105.5

(c) 2007, when the index is 107.7

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M917047

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