First, get the difference between the price level changes.
Then, divide it by the initial price level, which is 109.
Multiply by 100 to get its percent.
Thefore, the inflation rate during the year is 3.67 percent.
Karen has $36.08. She bought a book for $8.65 and 2 records for $7.65 each. How much did she spend?
2 answers:
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