Convert the results into an index by dividing each bundle price figure by the bundle price in 2011. Calculate the percentage change in your index between 2011 and 2012 and again between 2012 and 2013. Was there inflation between 2012 and 2013?

Convert the results into an index by dividing each bundle price figure by the bundle price in 2011. Calculate the percentage change in your index between 2011 and 2012 and again between 2012 and 2013. Was there inflation between 2012 and 2013?

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter6: Tracking The U.s. Economy

Section: Chapter Questions

Problem 4.8P

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