Consider the simple economy that produces only three products Use the information in the following...
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Consider the simple economy that produces only three products Use the information in the following table to calculate the annual rate of inflation for 2022 as measured by the consumer price index CPI BASE YEAR 2010 Quantity 2 Price 10 00 2 00 10 9 15 00 2021 Price 11 00 2 45 15 00 2022 Price 16 20 2 40 14 00 Product Haircuts Hamburgers Movies Using the information in the table the CPI for 2021 with 2010 as the base year is Enter your response rounded to one decimal place
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