(Answered) The consumer price index cpi in the first year is 75 in the

Management Studies

The consumer price index (CPI) in the first year is 75, in the second year is 110, and in the third year is 150. Round your answers to 2 decimals.

a. What is the inflation rate between the first and the second year?

b. What is the inflation rate between the second and the third year?

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