The inflation rate can be calculated using both the consumer price index (CPI) and the GDP deflator rate. But the CPI is used more frequently since it shows how the prices for consumer goods and services change.
The GDP deflator = (nominal GDP / real GDP) x 100
you can calculate inflation rate between years 1 and 2 using the following formula:
= [(GDP deflator year 2 - GDP deflator year 1) / GDP deflator year 1] x 100
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
The business would not be subject to taxation in a state until nexus is established; thus the Chipper’s Apportionable income <u><em>(which means income of any class or type or any activity, that fulfils the connection or criteria described either in the "functional test" or "transactional test,”.)</em></u> that is taxed by X equals $0
