Answered: The value of the CPI increases from 151…

The value of the CPI increases from 151 in year 1 to 179 in year 2. This means that a good costing $249 in year 1 would on average cost how much in year 2? Round your answer to two decimal places.

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter17: Inflation

Section: Chapter Questions

Problem 5SQ

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The value of the CPI increases from 151 in year 1 to 179 in year 2. This means that a good costing $249 in year 1 would on average cost how much in year 2? Round your answer to two decimal places.

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