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  3. 2 the following table gives the personal consumption expenditures core...

Question: 2 the following table gives the personal consumption expenditures core...

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2. The following table gives the Personal Consumption Expenditures core index (excluding food & energy) values for each year listed. For each 10-year period (1965-1975, 1975-1985, etc.) use the average annual growth formula to fill in the annual growth rates for the PCE, starting with the second row (1965-1975). Do your calculations match what you described for #1b?


Year

PCE (/100)

Inflation

1965

0.195

1975

0.315

1985

0.578

1995

0.790

2005

0.936

2015

1.102

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