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Question 2 same table - using the CPI method, calculate inflation/deflation from 2021 to 2022: CPI Method P*Q+P*Q year Pizza Q Pizza P Shoes Q Shoes P 2020 10 $ 10.00 7 $125.00 2021 12 $ 11.00 11 $150.00 2022 13 $ 12.00 8 $100.00 -0.1590 0.1590 -0.1595 0.1595 -0.2931 0.2931

Question 2 same table - using the CPI method, calculate inflation/deflation from 2021 to 2022: CPI Method P*Q+P*Q year Pizza Q Pizza P Shoes Q Shoes P 2020 10 $ 10.00 7 $125.00 2021 12 $ 11.00 11 $150.00 2022 13 $ 12.00 8 $100.00 -0.1590 0.1590 -0.1595 0.1595 -0.2931 0.2931

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Question 2 same table - using the CPI method, calculate inflation/deflation from 2021 to 2022: CPI Method P*Q+P*Q year Pizza Q Pizza P Shoes Q Shoes P 2020 10 $ 10.00 7 $125.00 2021 12 $ 11.00 11 $150.00 2022 13 $ 12.00 8 $100.00 -0.1590 0.1590 -0.1595 0.1595 -0.2931 0.2931
Transcribed Image Text:Question 2 same table - using the CPI method, calculate inflation/deflation from 2021 to 2022: CPI Method P*Q+P*Q year Pizza Q Pizza P Shoes Q Shoes P 2020 10 $ 10.00 7 $125.00 2021 12 $ 11.00 11 $150.00 2022 13 $ 12.00 8 $100.00 -0.1590 0.1590 -0.1595 0.1595 -0.2931 0.2931
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