The table below contains the price indexes for the macro economy for several years. Price Index 2010 - Base Year 100 2011 105 2012 130 2013 145 2014 140 Calculate the inflation that took place in 2013. Show the formula and all your calculations.

The table below contains the price indexes for the macro economy for several years. Price Index 2010 - Base Year 100 2011 105 2012 130 2013 145 2014 140 Calculate the inflation that took place in 2013. Show the formula and all your calculations.

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter17: Inflation

Section: Chapter Questions

Problem 5SQ

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The table below contains the price indexes for the macro economy for several years.

	Price Index
2010 - Base Year	100
2011	105
2012	130
2013	145
2014	140

Calculate the inflation that took place in 2013. Show the formula and all your calculations.

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