The market price in Year 1 was $1,824 and $1,906 in Year 2. Assume Year 1 is the base year. Round all decimals two places. a. What is the CPI for Year 1?

Economics For Today
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Chapter17: Inflation
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The market price in Year 1 was $1,824 and $1,906 in Year 2.
Assume Year 1 is the base year. Round all decimals two places.
a. What is the CPI for Year 1?
Transcribed Image Text:The market price in Year 1 was $1,824 and $1,906 in Year 2. Assume Year 1 is the base year. Round all decimals two places. a. What is the CPI for Year 1?
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