Question: Complete the tablebelow, using the information and formulas provided in class 8 (see PDF document posted on Blackboard, Weekly Schedule tab, Week 8). Calculate the

  1. Complete the tablebelow, using the information and formulas provided in class 8 (see PDF document posted on Blackboard, Weekly Schedule tab, Week 8).
  2. Calculate the annual average inflation rate for the period 2000-2016 (16 years).
  3. Provide one example of each calculation, and round your final results to two decimal places.

  1. Complete the tablebelow, using the information and formulas provided in class 8
  2. Calculate the annual average inflation rate for the period 2000-2016 (16 years).
  3. Provide one example of each calculation, and round your final results to two decimal places.

Value of basket

of goods

CPI index

2000=100

Annual inflation rate

CPI index

2010=100

Annual inflation rate

2000

314,726

2001

315,789

2002

325,263

2003

341,526

2004

375,679

2005

368,312

2006

359,329

2007

378,374

2008

395,022

2009

430,298

2010

407,865

2011

592,873

2012

651,567

2013

755,818

2014

814,016

2015

859,600

2016

790,074

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