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Author Question: Market Baskets and the Calculation of CPIIf the value of the market basket in the current year is ... (Read 71 times)

dusk108

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Question 1

Market Baskets and the Calculation of CPI

If the value of the market basket in the current year is $340,000 and the value of the market basket in the base year is $180,000, then the CPI for the current year is ________. (Round to the nearest tenth.)
◦ 188.9
◦ 52.9
◦ 0.5
◦ 160,000

Question 2

Market Baskets and the Calculation of CPI

If the value of the market basket in the current year is $340,000 and the CPI for the current year is 123, then the value of the market basket in the base year is ________. (Round to the nearest hundredth.)
◦ $339,877
◦ $418,200
◦ $276,422.76
◦ $100.04


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Marked as best answer by dusk108 on Nov 23, 2022

jacquelyngibson

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dusk108

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Reply 2 on: Nov 23, 2022
:D TYSM


Alyson.hiatt@yahoo.com

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Reply 3 on: Yesterday
Wow, this really help

 

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