Economy, asked by munna2188, 5 hours ago

Construct an index to determine the level of inflation.

Answers

Answered by copyr24

Explanation:

Remember, the inflation rate is not derived by subtracting the index numbers, but rather through the percentage-change calculation. The precise inflation rate as the price index moves from 107 to 110 is calculated as (110 – 107)/107 = 0.028 = 2.8%.

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