-Consider the end-of-year CPI data in Table 8.1 (base year is 2000).
(a)Calculate the rate of inflation between 1970 and 1975 and between 1995 and 2000.
(b)Calculate the average rate of inflation for 1970-1975 and 1970-1980.
(c)Calculate the average rate of inflation for 1980-1990 and 2000-2009.
(d)Briefly comment on your results.
Correct Answer:
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.For 1970-1975:...
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