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The consumer price index is a fix weight index. It compares the price of a fixed bundle of goods in 1 year with the price of the same bundle of goods...
The consumer price index is a fix weight index. It compares the price of a fixed bundle of goods in 1 year with the price of the same bundle of goods in the base year. Calculate the price of a bundle containing 100 units of good X; 150unites of good Y and 25 unites of good Z in years 2000,2001 and 2002