Question: Problem 4: ( 10 Points ) In 2011 the CPI for Turkey was 398.2 and the euro-area CPI was 114.4 . In 2012 the CPI

Problem 4: ( 10 Points ) In 2011 the CPI for Turkey was 398.2 and the euro-area CPI was 114.4 . In 2012 the CPI for Turkey was 456.5 and the euro-area CPI was 120.4 . Based on this information what was the rate of inflation for Turkey and the rate of inflation for the euro-area

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