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QUESTION
The table above gives the cpi market basket for 2006 and 2007. suppose that 2006 is the reference base period. a. what is the cost of the cpi market basket in 2006? b. what is the cost of the cpi mark
The table above gives the cpi market basket for 2006 and 2007. suppose that 2006 is the reference base period.
a. what is the cost of the cpi market basket in 2006?
b. what is the cost of the cpi market basket in 2007?
c. what is the cpi for 2006?
d. what is the cpi for 2007? if the base year cpi market basket costs $250 and next year the cpi market basket costs $275, what is next year's cpi? in 2001, the cpi was 177.1 and in 2002 the cpi was 180.9.
