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    Contemporary Business Mathematics Study Set 1
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    Exam 3: Ratio, Proportion, and Percent
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    The Canadian CPI Was 109
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The Canadian CPI Was 109

Question 144

Question 144

Essay

The Canadian CPI was 109.1 in 2006 and 114.4 in 2009 relative to the base year of 2002. Determine the purchasing power of the Canadian dollar for the two years, and interpret the meaning of the results?

Correct Answer:

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Purchasing power of the dollar for 2006 ...

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