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The Consumer Price Index (CPI)is a Measure of the Relative

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The consumer price index (CPI)is a measure of the relative cost of goods in a country for a particular year.The table below shows the CPI for various years beginning in 1940.  Year  CPI 194014.0195024.1196029.6197038.8198082.41990130.72000172.2\begin{array} { | l | l | } \hline \text { Year } & \text { CPI } \\\hline 1940 & 14.0 \\\hline 1950 & 24.1 \\\hline 1960 & 29.6 \\\hline 1970 & 38.8 \\\hline 1980 & 82.4 \\\hline 1990 & 130.7 \\\hline 2000 & 172.2 \\\hline\end{array} Re-express the CPI by taking the log of the data,then plot the re-expressed data as a scatterplot.  The consumer price index (CPI)is a measure of the relative cost of goods in a country for a particular year.The table below shows the CPI for various years beginning in 1940.  \begin{array} { | l | l | }  \hline \text { Year } & \text { CPI } \\ \hline 1940 & 14.0 \\ \hline 1950 & 24.1 \\ \hline 1960 & 29.6 \\ \hline 1970 & 38.8 \\ \hline 1980 & 82.4 \\ \hline 1990 & 130.7 \\ \hline 2000 & 172.2 \\ \hline \end{array}  Re-express the CPI by taking the log of the data,then plot the re-expressed data as a scatterplot.

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