The CPI values ​​calculated during 2021 were as follows: Month 1 2 3 4 5 6 7 8 9 10 11 12 ICP 0.25 0.86 0.93 0.31 0.83 0.53 0.96 0.87 1.16 1.25 0.95 0.73  a) What was the inflation in 2021? b) What is the corrected value of an asset on 11/01/2021 that on 01/01/2021 was worth $455007

Principles of Economics 2e
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ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter22: Inflation
Section: Chapter Questions
Problem 3SCQ: Compute the inflation rate for fruit prices from 2001 to 2004.
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4- The CPI values ​​calculated during 2021 were as follows:

Month 1 2 3 4 5 6 7 8 9 10 11 12
ICP 0.25 0.86 0.93 0.31 0.83 0.53 0.96 0.87 1.16 1.25 0.95 0.73

 a) What was the inflation in 2021?

b) What is the corrected value of an asset on 11/01/2021 that on 01/01/2021 was worth $455007 

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