Question 13 2 pts Consider the country called the "Republic of Miguel". It has 500,000 residents....

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Answer 1

Answer #1

Answer= 85%

Inflation (rise in prices) between two years.

CPI in base year is equal to 100.

So, CPI in 2017 is 100

CPI in 2020 is given as 185.

So, inflation rate between 2020 is 2017 is

[(185-100)/100]*100 = 85%.

So, the answer is 85%.

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Answer 2

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Question 13 2 pts Consider the country called the "Republic of Miguel". It has 500,000 residents....

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