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In January of 1997, the U.S. Consumer Price Index (CPI) stood at 159.1. By January of 2008, the level had risen to 211.1. What was the average annual rate of inflation over this time period as measured by the CPI?
A) 3.78%
B) 3.31%
C) 2.97%
D) 2.60%
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#question.WHAT IS GDP AND DIFFERENT PRICE LEVEL IN SHORT RUN?.
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if your earning records over year has been:Yt=$40000 Yt-1=$38000 Yt-2=34000 Yt-3=$32000 YT-4=31000,What is the your permanet income?
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