in an economy, a market basket of goods cost $6,250 in year 1. The same market basket cost $7,390 in year 2. Assuming Year 1 is the base year, the Consumer Price Index in Year 1 is equal to _____ **You must report your answer as a whole number - do not include a decimal. For example, 15 or 268 or -173...

in an economy, a market basket of goods cost $6,250 in year 1. The same market basket cost $7,390 in year 2. Assuming Year 1 is the base year, the Consumer Price Index in Year 1 is equal to _____ **You must report your answer as a whole number - do not include a decimal. For example, 15 or 268 or -173...

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations

Section: Chapter Questions

Problem 18P

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