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Author Question: The CPI Year 1 (Base Year) Year 2ProductQuantityPriceQuantityPriceCupcakes230$2.00270$2.60Golf ... (Read 18 times)

jlol3

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on: Nov 23, 2022
The CPI


                        Year 1 (Base Year)                 Year 2
ProductQuantityPriceQuantityPrice
Cupcakes230​$2.00​270​$2.60​
Golf Balls310​1.30​260​1.80​
The information in the table represents the prices and quantities for the only three products in the market basket for the consumer price index (CPI). The CPI for Year 2 equals ________. (Round to the nearest whole number.)
◦ 74%
◦ 100%
◦ 307%
◦ 136%
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by jlol3 on Nov 23, 2022

DevinBrifm

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Reply #1 on: Nov 23, 2022
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jlol3

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Reply 2 on: Nov 23, 2022
Thanks for the timely response, appreciate it

Joy Chen

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Reply 3 on: Yesterday
Wow, this really help

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