How do I calculate the growth rate for prices of hospital services between 1980 and 2009?
How do I calculate the growth rate for prices of hospital services between 1980 and 2009?
Homework Answers
Growth rate for prices can be calculated using the formula:
(Price lrvel in 2009 - Price level in 1980) / Price level in 1980
Or,
(CPI 2009 - CPI 1980)/CPI 1980
This is also known as inflation in hospital services during the time period 1980-2009.
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