b. Calculate the inflation rate for Minnesota between 2021 and 2022.CaliforniaEnergyElectricityGasolineNatural GasA Prices2021$0.2387$4.44$18.192022$ 0.2614$5.23$ 20.34Quantity6684 kWh437 gallons54.78 "thousand cubic feet"

The inflation rate is a measure of the rate of change in prices for a basket of goods and services…

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Calculate the inflation rate for Minnesota between 2021 and 2022.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

b. Calculate the inflation rate for Minnesota between 2021 and 2022.
California
Energy
Electricity
Gasoline
Natural Gas
A Prices
2021
$0.2387
$4.44
$18.19
2022
$ 0.2614
$5.23
$ 20.34
Quantity
6684 kWh
437 gallons
54.78 "thousand cubic feet"

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