Problem
An economist has predicted that during the next 6 years, prices in the U.S. will increase 55%. He expects a further increase of 25% in the subsequent 4 years, so that prices at the end of 10 years will have increased to 180% of the present level. Compute the inflation rate, f , for the entire 10-year period.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.