Essay
-The tables above give the purchases of a typical consumer in a country comprised of one large city. These consumers purchase only restaurant meals and parking. The year 2015 is the reference base period.
a) Find the total cost of the CPI basket for 2015 and 2016.
b) What is the CPI in 2012 and in 2016?
c) What is the inflation rate between 2015 and 2016?
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a) The total cost of the CPI basket in 2...View Answer
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