Consider the following Price Index in 2020 Price Index in 2021 Price Index in 2022 Price...
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Consider the following Price Index in 2020 Price Index in 2021 Price Index in 2022 Price Index in 2023 Price Index in 2024 90 100 109 125 150 a. The base year is 2021 b. Calculate the inflation rate from 2021 to 2022 9% (Enter your response as a porcentage rounded to two decimal places) c. Calculate the inflation rate from 2022 to 2023. 14 68% (Enter your response as a percentage rounded to two decimal places) d. Assume the cost of a market basket in 2021 is $2,350 0 (Enter your responses rounded to one decimal place) Calculate the cost of the same basket of goods and services in 2020. Calculate the cost of the same basket of goods and services in 2024 Consider the following Price Index in 2020 Price Index in 2021 Price Index in 2022 Price Index in 2023 Price Index in 2024 90 100 109 125 150 a. The base year is 2021 b. Calculate the inflation rate from 2021 to 2022 9% (Enter your response as a porcentage rounded to two decimal places) c. Calculate the inflation rate from 2022 to 2023. 14 68% (Enter your response as a percentage rounded to two decimal places) d. Assume the cost of a market basket in 2021 is $2,350 0 (Enter your responses rounded to one decimal place) Calculate the cost of the same basket of goods and services in 2020. Calculate the cost of the same basket of goods and services in 2024
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