The table below contains the price indexes for the macro economy for several years. Price Index 2010 - Base Year 100 2011 105 2012 130 2013 145 2014 140 Calculate the inflation that took place in 2013. Show the formula and all your calculations.
The table below contains the price indexes for the macro economy for several years. Price Index 2010 - Base Year 100 2011 105 2012 130 2013 145 2014 140 Calculate the inflation that took place in 2013. Show the formula and all your calculations.
Chapter17: Inflation
Section: Chapter Questions
Problem 5SQ
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Question
The table below contains the
Price Index | |
---|---|
2010 - Base Year | 100 |
2011 | 105 |
2012 | 130 |
2013 | 145 |
2014 | 140 |
Calculate the inflation that took place in 2013. Show the formula and all your calculations.
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