Expanding

A problem has spread here - money printing. The ECB claims it aims to maintain a price level with 2% inflation.

But for the last three years in a row, annual inflation has been 6%, 7% and 9%.

Correct answer:

p =  23.6278 %

Step-by-step explanation:

p1=100%+6%=1+1006=1.06 p2=100%+7%=1+1007=1.07 p3=100%+9%=1+1009=1.09  r=p1 p2 p3=1.06 1.07 1.091.2363  p=100 (r1)=100 (1.23631)=23.6278%



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