Question

If the price level rose in three consecutive years from 100 to 120 to 140, then the annual inflation rate over those years would

Answer 1

We see a continuous fall in percentage  the annual inflation rate over those years would decrease.

Annual inflation rate over  years

Question Parameters:

if the price level rose in three consecutive years from 100 to 120 to 140,

Generally the equation for the   is mathematically given as

So, annual inflation rate is

x=[(120-100)/100]*100

x= 20%

In the year 3, price level was 140, hence, the inflation rate

y= [(140-120)/120]*100

y= 16.67%.

Since, we see a continuous fall in percentage  the annual inflation rate over those years would decrease.

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