Question: 14-64 A E (a) Compute the equivalent annual inflation rate, based on the Consumer Price Index, for the period from 1990 to 2017. (b)

14-64 A E (a) Compute the equivalent annual inflation rate, based on

14-64 A E (a) Compute the equivalent annual inflation rate, based on the Consumer Price Index, for the period from 1990 to 2017. (b) Using the equivalent annual inflation rate computed in part (a), estimate the consumer price index for 2022. (c) Is it more practical or more ethical to use an approach like (b) rather than relying on government forecasts of inflation?

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