Question: Use the data in Table 1 to calculate the simple inflation rate from 1972 to 1973, expressed as a percent rounded to crie decimal place.

Use the data in Table 1 to calculate the simple inflation rate from 1972 to 1973, expressed as a percent rounded to crie decimal place. Table 1. Personal Consumption Expenditures Price Index (PCEPI), 1970-1975. 0.1 1.3 5.5 5.8

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