Question: b. For each year, calculate the CPI, using year 3 as the base year. In year 1, the CPI was In year 2, the CPI

b. For each year, calculate the CPI, using year 3 as the base year. In year 1, the CPI was In year 2,

the CPI wasThe table below lists the CPI values for the United

b. For each year, calculate the CPI, using year 3 as the base year. In year 1, the CPI was In year 2, the CPI was In year 3, the CPI was In year 4, the CPI wasThe table below lists the CPI values for the United States from different decades. a. Complete the table by computing the annual inflation rate. Instructions: Round your answers to two decimal places. If entering a negative number include a minus sign. CPI Values and Inflation Inflation Rate Year CPI (percent) 1931 \" -E_ 197? 71.4 19?9 TIES 1938 89.5 2361 188 - 6

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