Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter17: Stabilizing The National Economy
Section: Chapter Questions
Problem 10AA
Related questions
Question
Write the formula of the general inflation rate?
Expert Solution
Step 1
The general inflation rate refers to an average inflation rate based on the CPI (consumer price index). An annual general inflation rate can be calculated by the following formula as follows:
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