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Macroeconomics

13th Edition
Roger A. Arnold
Publisher: Cengage Learning
ISBN: 9781337617390

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BuyFindarrow_forward

Macroeconomics

13th Edition
Roger A. Arnold
Publisher: Cengage Learning
ISBN: 9781337617390
Chapter 6.1, Problem 2ST
Textbook Problem
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What is a base year?

To determine

The base year.

Explanation of Solution

The base year or bench mark year is a point for comparison with prices in other years. The bench mark CPI is used to compare the changes in the price level...

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