EBK ECON: MACRO4
4th Edition
ISBN: 9781305562097
Author: MCEACHERN
Publisher: CENGAGE LEARNING - CONSIGNMENT
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Chapter 6, Problem 4.8PA
To determine
New
Concept introduction:
Consumer price index (CPI): It is a measure of average change in prices over the period of time.
Formula of CPI: Prices of basket of goods in given year /prices of basket of goods in base year*100
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