Use the table below to answer the questions that follow: 2018 YEAR 2019 2017 2016 CPI 213.8 212.2 202.6 200.2 Q.7.1.1 Calculate the inflation rate for the year 2018. Q.7.1.2 Does the inflation rate you calculated above fall into the South Africa inflation target?

Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter13: Inflation
Section: Chapter Questions
Problem 7SQP
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Use the table below to answer the questions that follow:
YEAR
2019
2018
2017
2016
CPI
213.8
212.2
202.6
200.2
Q.7.1.1 Calculate the inflation rate for the year 2018.
Q.7.1.2 Does the inflation rate you calculated above fall into the South Africa
inflation target?
Transcribed Image Text:Use the table below to answer the questions that follow: YEAR 2019 2018 2017 2016 CPI 213.8 212.2 202.6 200.2 Q.7.1.1 Calculate the inflation rate for the year 2018. Q.7.1.2 Does the inflation rate you calculated above fall into the South Africa inflation target?
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