Hypothetical Consumer Price Index (CPI) for Country A Year CPI 2017 Hypothetical Consumer Price Index (CPI) for Country A YearCPI2017145201815020191602020180 a. Referring to the table above, calculate the inflation rate for Country A between 2019 and 2020. Include all calculations. (1 mark) b. Inflation can reduce the real income for workers in Country A. Do you agree or disagree with this statement? Discuss this statement using the inflation rate calculated in (a) and concepts relating to inflation. (2 marks) Answer text Business EconomicsCOMMERCE FA
