5. The table below shows the price index in the economy at the end of four different years. (a) What is the rate of inflation in years 2, 3, and 4? (b) Using the "rule of 70," how many years would it take for the prices to double at each of these three inflation rates? Rate of Year Price index inflation Years to double 100 108 120 1 3 4 132

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A:

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