Question 11 Siven the following numbers for this economy. What is the average annual inflation rate between base year and year 4 as per the CPI method? Base year Year +4 Year + 5 Basket Quantities Price Price Price Product A 220 250 290 Product B 70 75 85 Product C 20 15 15 14 Product D 20 30 31 33 Product E 100 5.2 5.3 4.44% B 18.44% c) 1.11% D) 9.17% e 4.53% O O O O

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Question 11
Given the following numbers for this economy.
What is the average annual inflation rate between base year and year 4 as per the CPI method?
Base year
Year + 5
Year + 4
Basket
Quantities
Price
Price
Price
Product A
1
220
250
290
Product B
70
75
85
Product C
20
15
15
14
Product D
20
30
31
33
Product E
100
5
5.2
5.3
4.44%
(B) 18.44%
c) 1.11%
(D) 9.17%
E) 4.53%
O © © © ©
Transcribed Image Text:Question 11 Given the following numbers for this economy. What is the average annual inflation rate between base year and year 4 as per the CPI method? Base year Year + 5 Year + 4 Basket Quantities Price Price Price Product A 1 220 250 290 Product B 70 75 85 Product C 20 15 15 14 Product D 20 30 31 33 Product E 100 5 5.2 5.3 4.44% (B) 18.44% c) 1.11% (D) 9.17% E) 4.53% O © © © ©
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