The table below has data on monthly per capita private health insurance expenses and the CPI (Consumer Price Index) for a period of 6 years.

Table 1: Mobile phone expenses and CPI Year Private Health Insurance Expenses CPI (thousands of euros)

Answer the following questions using your calculator

(a) Compute the inflation rate for years 3, 4, and 5.

(b) Use the CPI to get the value of real per capita private health insurance expenses (deflated series) for the 6 years. Write the formula you use for the calculations.

(c) What was the percentage increase of real per capita private health insurance in the 6 year period?

Transcribed Image Text:

Table 1: Mobile phone expenses and CPI Year Private Health Insurance Expenses | CPI (thousands of euros) 1 34 92 45 100 3 50 102 4 55 103 71 110 78 111 Table 1: Mobile phone expenses and CPI Year Private Health Insurance Expenses | CPI (thousands of euros) 1 34 92 45 100 3 50 102 4 55 103 71 110 78 111

Answer rating: 100% (QA)

A Inflation rate for years 34 and 5 Year Calculation Inflation Rate 55505010O 3 10 4 71... View the full answer