Assume a market basket consisting of gasoline (10 gallons), milk (3 gallons), ground beef (6 pounds), and men’s underwear (1 pack). While it may seem strange, former Federal Reserve Chairman Alan Greenspace often monitored sales of men’s underwear as a broader indicator of economic health. Calculate the cost of the market basket given current prices for gasoline ($3.25/gal), milk ($4.10/gal), ground beef ($3.59/pound), and men’s underwear ($9.49/pack). The cost of the market basket one year ago was $71.16. Calculate the year-over

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