Essay
-The tables above give the purchases of a typical consumer in a country comprised of one large city. These consu purchase only restaurant meals and parking. The year 2007 is the reference base period.
a) Find the total cost of the CPI basket for 2007 and 2008.
b) What is the CPI in 2007 and in 2008?
c) What is the inflation rate between 2007 and 2008?
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a) The total cost of the CPI basket in 2...View Answer
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