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(Solved): The table below shows the total expenditure on a basket of goods and services for consecutive years ...
The table below shows the total expenditure on a basket of goods and services for consecutive years. Use this inform to calculate the inflation rate for Years 2, 3, and 4 in that order. (Round your answers to two decimal points.) Provide your answer below: Year 2 Year Year 1 Year 2 Year 3 Year 4 %, Year 3%, Year 4= % Total Expenditure $7,470 $11,401 $13,214 $14,087 Inflation Rate ? ? ?