there is a new calendar beginning. Year 0 because it just started. annual inflation rate has been calculated since the Zero Year. these annual inflation follow a pattern. Therefore, %1 in year1, %2 in Year 2, 3% year3. This new calendar uses the hexadecimal system. So after year 9 comes 10% for Year A ,11% for Year B,12% for Year C, 13% for Year D,14% for Year E, 15% for Year F, and then 0% for 10. How much if we calculate the average inflation rate during the 8192 New Year of this new calendar, which occurred at the end of 2000?
there is a new calendar beginning. Year 0 because it just started. annual inflation rate has been calculated since the Zero Year. these annual inflation follow a pattern. Therefore, %1 in year1, %2 in Year 2, 3% year3. This new calendar uses the hexadecimal system. So after year 9 comes 10% for Year A ,11% for Year B,12% for Year C, 13% for Year D,14% for Year E, 15% for Year F, and then 0% for 10. How much if we calculate the average inflation rate during the 8192 New Year of this new calendar, which occurred at the end of 2000?
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 33P: The index number representing the price level changes from 110 to 115 in one year and then from 115...
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there is a new calendar beginning. Year 0 because it just started. annual inflation rate has been calculated since the Zero Year. these annual inflation follow a pattern. Therefore, %1 in year1, %2 in Year 2, 3% year3. This new calendar uses the hexadecimal system. So after year 9 comes 10% for Year A ,11% for Year B,12% for Year C, 13% for Year D,14% for Year E, 15% for Year F, and then 0% for 10. How much if we calculate the average inflation rate during the 8192 New Year of this new calendar, which occurred at the end of 2000?
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