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Business, 15.04.2020 03:36 blueflu5120

Suppose the market basket consists of 100X, 200Y, and 300Z. Current-year prices are $5 for each unit of X, $2 for each unit of Y, and $3 for each unit of Z. Base-year prices are $2 for each unit of X, Y, and Z. What is the approximate CPI in the current year?

a. 15b. 70.20c. 1,200d. 150

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Suppose the market basket consists of 100X, 200Y, and 300Z. Current-year prices are $5 for each unit...
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