West Trendia has computed its CPI for three years, using 2016 as the base year: 1. 2015: 108 2. 2016: 100 3. 2017: 94 What was the rate of inflation between 2016-2017 and 2015-2017?
West Trendia has computed its CPI for three years, using 2016 as the base year: 1. 2015: 108 2. 2016: 100 3. 2017: 94 What was the rate of inflation between 2016-2017 and 2015-2017?
Chapter13: Inflation
Section: Chapter Questions
Problem 2SQP
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West Trendia has computed its CPI for three years, using 2016 as the base year:
1. 2015: 108
2. 2016: 100
3. 2017: 94
What was the rate of inflation between 2016-2017 and 2015-2017?
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