Suppose the value of the cpi is 1100 in year one 1122 in, Business Economics

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Suppose the value of the cpi is 1100 in year one 1122 in

Suppose the value of the cpi is 1.100 in year one 1.122 in year two, and 1.133 in year three. Assume also that the price of computers increases by 3% between year one and year two, and by another 3% between year two and year three. the price level is increasing , the inflation rate is ________, and the relative price of computers is _________.

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Business Economics: Suppose the value of the cpi is 1100 in year one 1122 in

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