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Author Question: Table 9-3 Refer to Table 9-3. Assume the market basket for the consumer price index has three ... (Read 66 times)

Jkov05

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on: Mar 16, 2019

Question 1

Table 9-2







Refer to Table 9-2.  Assume the market basket for the consumer price index has two products - bread and milk - with the following values in 2011 and 2016 for price and quantity: The Consumer Price Index for 2016 equals


◦ 118.
◦ 116.
◦ 86.
◦ 85.

Question 2

Table 9-3









Refer to Table 9-3.  Assume the market basket for the consumer price index has three products - Cokes, hamburgers, and CDs - with the following values in 2011 and 2016 for price and quantity: The Consumer Price Index for 2016 equals


◦ 75.
◦ 93.
◦ 108.
◦ 121.
Macroeconomics ¦ Hubbard, O'Brien ¦ 6th Edition
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Marked as best answer by Jkov05 on Mar 16, 2019

ASDFGJLO

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Reply #1 on: Mar 16, 2019
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Jkov05

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Reply 2 on: Mar 16, 2019
Great answer, keep it coming :)

frankwu0507

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Reply 3 on: Yesterday
Wow, this really help

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