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Author Question: Table 9-5 Refer to Table 9-5. Consider the following values of the consumer price index for 2015 and ... (Read 141 times)

schs14

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Question 1

Table 9-4









Refer to Table 9-4.  Assume the market basket for the consumer price index has two products - meat and potatoes - with the following values in 2011 and 2016 for price and quantity: The Consumer Price Index for 2016 equals


◦ 125.
◦ 129.
◦ 135.
◦ 141.

Question 2

Table 9-5









Refer to Table 9-5.  Consider the following values of the consumer price index for 2015 and 2016. The inflation rate for 2016 was equal to


◦ 215 percent.
◦ 21.5 percent.
◦ 8.0 percent.
◦ 3.9 percent.


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Marked as best answer by schs14 on Mar 16, 2019

blazinlyss

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