Provide solutions where applicable 1. What is the base year for this CPI data series? 2. How much more expensive was a basket of goods in 2021 compared to 2016?  3. How much cheaper was a basket of goods in 2017 compared to 2020? 4. What is the average annual inflatopn rate across 2019-2021?

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ISBN:9780470458365
Author:Erwin Kreyszig
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Chapter2: Second-order Linear Odes
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Provide solutions where applicable

1. What is the base year for this CPI data series?

2. How much more expensive was a basket of goods in 2021 compared to 2016? 

3. How much cheaper was a basket of goods in 2017 compared to 2020?

4. What is the average annual inflatopn rate across 2019-2021?

Given the following CPI data from 2015-2021 from South Korea:
Year
2015
2016
2017
2018
2019
2020
2021
Annual CPI
94.861
95.783
97.645
99.086
99.466
100.000
102.500
Transcribed Image Text:Given the following CPI data from 2015-2021 from South Korea: Year 2015 2016 2017 2018 2019 2020 2021 Annual CPI 94.861 95.783 97.645 99.086 99.466 100.000 102.500
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