Table 6.2 Year 2016 2017 2018 2019 2020 Price of glitter ($) 1.6 1.65 1.72 1.7...

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Table 6.2 Year 2016 2017 2018 2019 2020 Price of glitter ($) 1.6 1.65 1.72 1.7 2 Quantity of glitter (grams) 55 53 47 48 40 Price of confetti ($) 1.1 1.3 1.48 1.4 1.5 Quantity of confetti (grams) 58 66 60 57 61 Refer to table 6.2. Using the GDP deflator method, calculate the inflation rate from 2019 to 2020. Assume that 2017 is the base year. Round your final answer to 2 decimal places and write it as a percentage. Table 6.2 Year 2016 2017 2018 2019 2020 Price of glitter ($) 1.6 1.65 1.72 1.7 2 Quantity of glitter (grams) 55 53 47 48 40 Price of confetti ($) 1.1 1.3 1.48 1.4 1.5 Quantity of confetti (grams) 58 66 60 57 61 Refer to table 6.2. Using the GDP deflator method, calculate the inflation rate from 2019 to 2020. Assume that 2017 is the base year. Round your final answer to 2 decimal places and write it as a percentage.

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Using the GDP deflator method we want to calculate the inflation rate from 2019 to 2020 with 2017 as ... View the full answer