Inflation rates: 1) 1960 to 1970 __29.01%______ 2) 1970 to 1980 __105.82%______ 3) 1980 to 1990 __63.75_______

Inflation rates: 1) 1960 to 1970 29.01% 2) 1970 to 1980 105.82% 3) 1980 to 1990 63.75_____

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter22: Inflation

Section: Chapter Questions

Problem 37P: Rosalie the Retiree knows that when she retires in 16 years, her company will give her a one-time...

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Question

Inflation rates:

1) 1960 to 1970 __29.01%______

2) 1970 to 1980 __105.82%______

3) 1980 to 1990 __63.75_______

calculate the average inflation per year for the entire 30-year period using the 1+/1- trick.

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