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02-06-2023
Business

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Part 2: Formulas: Provide the formulas for the following measures:
Consumer Price Index (List all 5 Steps in detail)
Inflation rate for 2021 given the CPIs in 2020 and 2021.
Converting dollars across time and/or location. (Use variable to represent HI Salary, HI CPI and Arkansas CPI to know how much my Hawaiian salary is in Arkansas dollars.)
Simple Formula for calculating Real Interest Rate (using Nominal Interest rate and inflation rate),

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