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August 21, 2014

Homework Help: Macroeconomics

Posted by Laura on Sunday, October 13, 2013 at 9:39pm.

cost in 2005 is 15.00
cost on 2009 is 20.50
Consumer price index (20.50/15.00)x100=137
I understand that part but my professor said to measure inflation he gave the answer 37% divide 37/4=9.25%
4 number of years
9.25% annual rate inflation
how did he get 37 I am confused

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