Consider the following table: Consumer Goods Non Consumer Goods Year Production price Production price 1995 20 / $ 0.50 10 / $ 1.00 2000 10 / $ 1.00 10 / $ 0.50 If 1995 is basic, the CPI in 2000 is .... (answer is 2)
Consider the following table: Consumer Goods Non Consumer Goods Year Production price Production price 1995 20 / $ 0.50 10 / $ 1.00 2000 10 / $ 1.00 10 / $ 0.50 If 1995 is basic, the CPI in 2000 is .... (answer is 2)
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment
Section: Chapter Questions
Problem 9WNG
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Consider the following table:
Consumer Goods | Non Consumer Goods | |
Year | Production price | Production price |
1995 | 20 / $ 0.50 | 10 / $ 1.00 |
2000 | 10 / $ 1.00 | 10 / $ 0.50 |
If 1995 is basic, the
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