Give three espects which influence the inflation rate​

To understand the effects of inflation, consider the following example of the purchasing power of $100 in 1971, as compared to today. According to the Bureau of Labor Statistics consumer price index, prices in 2020 are more than 550% higher than prices in 1971.

b. 6

step-by-step explanation:

we are given the table representing an exponential function.

we can see from the table that, as x is increasing, the value of y is increasing in the power of 6.

i.e. the following relation is obtained,

x = 1, y = 6

x = 2, y = 36 =

x = 3, y = 216 =

x = 4, y = 1296 =

x = 5, y = 7776 =

so, the geometric series obtained is .

thus, the common ratio is given by = = 6.

hence, the common ratio is 6.