Use the data in Table 1 to express the continuously compounding annual rate of inflation from 1972 to 1975. Table 1. Personal Consumption Expenditures Price Index (PCEPI), 1970-1975. Year 1970 1971 1972 1973 1974 1975 PCEPI 20.9 21.8 22.5 23.8. 26.2 28.5 O [In(22.5) In(28.5)1/3 O [In(22.5)-In(28.5))/4 O [In(28.5)-In(22.5))/3 O [In(28.5)-In(22.5))/4

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Use the data in Table 1 to express the continuously compounding annual fate of inflation from 1972 to 1975.
Table 1. Personal Consumption Expenditures Price Index (PCEPI), 1970-1975.
Year
1970
1971
1972
1973
1974
.
1975
PCEPI
20.9
21.8
22.5
23.8
26.2
28.5
[In(22.5)-In(28.5))/3
O [In(22.5)-In(28.5)1/4
O [In(28.5)-In(22.5))/3
O [In(28.5)-In(22.5)]/4
Transcribed Image Text:Use the data in Table 1 to express the continuously compounding annual fate of inflation from 1972 to 1975. Table 1. Personal Consumption Expenditures Price Index (PCEPI), 1970-1975. Year 1970 1971 1972 1973 1974 . 1975 PCEPI 20.9 21.8 22.5 23.8 26.2 28.5 [In(22.5)-In(28.5))/3 O [In(22.5)-In(28.5)1/4 O [In(28.5)-In(22.5))/3 O [In(28.5)-In(22.5)]/4
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