Question: Suppose that from year 1 to year 2 , we know that inflation rate is 5 0 % , and from year 2 to year

Suppose that from year 1 to year 2, we know that inflation rate is 50%, and from year 2 to year 3, the inflation rate is 20%. Then from year 1 to year 3, the cumulative inflation rate is 70%.

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