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Business, 11.02.2021 17:40 nanagardiner08

market basket is made up of three goods, 90X, 130Y, and 200Z. The prices in year one are $1, $2, and $3.50, respectively. The prices in year two are $1.20, $2.30, and $4. Assume year one to be the base year: Calculate the CPIs for each year. (Make sure you show your calculation and round up to the nearest hundredth) Base year: Year 1 prices Year 2 prices Good X: 90 units $1.00 $1.20 Good Y: 130 units $2.00 $2.30 Good Z: 200 units $3.50 $4.00

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market basket is made up of three goods, 90X, 130Y, and 200Z. The prices in year one are $1, $2, and...
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