Consumer Price Index(a) The CPI was 214.5 for 2009 and 236.7 for 2014.Assuming that annual inflation remained constant forthis time period, determine the average annual inflationrate.(b) Using the inflation rate from part (a), in what year willthe CPI reach 300?

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A: Inflation= 3% Present worth of house = $510,000 Tenure = 5 years.

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A:

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Q: real GDP per capital change.

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