ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question

Describe the procedure of applying Specific Inflation Rates? Give an example?

Expert Solution
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Step 1

A specific inflation rate can be calculated as :

= ((B-A)/A)*100

Where B is Index value of Current Year,

A is the Index Value of some past year (in relation to which the inflation rate has to be calculated)

 

 

 

 

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