Answered: The table below contains the price…

The table below contains the price indexes for the macroeconomy for several years. 2010- Base Year 2011 2012 2013 2014 Price Index 100 105 130 145 140 Calculate the inflation that took place in 2012

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter7: Unemployment And Inflation

Section: Chapter Questions

Problem 3.7P

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The table below contains the price indexes for the macroeconomy for several years.
2010- Base Year
2011
2012
2013
2014
Calculate the inflation that took place in 2012
23.8%
80.8%
25%
Price Index
100
105
130
145
140
O 19.2%

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