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Q.3.2 Refer to the information relating to the cost of a basket of consumer goods and services in Table 3 and use it to answer Q.3.2.1 Year Cost of a basket (R) of consumer goods/services (Base year ) 2015 1850 2016 2190 2017 2380 2018 2560 Q.3.2.1 Use the information in Table 3 to measure the consumer price index for 2016, 2017 and 2018 respectively. Show your calculations and round off to two decimal places.

Q.3.2 Refer to the information relating to the cost of a basket of consumer goods and services in Table 3 and use it to answer Q.3.2.1 Year Cost of a basket (R) of consumer goods/services (Base year ) 2015 1850 2016 2190 2017 2380 2018 2560 Q.3.2.1 Use the information in Table 3 to measure the consumer price index for 2016, 2017 and 2018 respectively. Show your calculations and round off to two decimal places.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Q.3.2 Refer to the information relating to the cost of a basket of consumer goods and services in Table 3 and use it to answer Q.3.2.1 Year Cost of a basket (R) of consumer goods/services (Base year ) 2015 1850 2016 2190 2017 2380 2018 2560 Q.3.2.1 Use the information in Table 3 to measure the consumer price index for 2016, 2017 and 2018 respectively. Show your calculations and round off to two decimal places.
Transcribed Image Text:Q.3.2 Refer to the information relating to the cost of a basket of consumer goods and services in Table 3 and use it to answer Q.3.2.1 Year Cost of a basket (R) of consumer goods/services (Base year ) 2015 1850 2016 2190 2017 2380 2018 2560 Q.3.2.1 Use the information in Table 3 to measure the consumer price index for 2016, 2017 and 2018 respectively. Show your calculations and round off to two decimal places.
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