Business, 23.04.2021 19:20 lydiakegg454
Suppose that the residents of Colgateville play golf incessantly. In fact, golf is the only thing they spend their money on. They buy golf balls, clubs, and tees. In 2019, they bought 1,000 golf balls for $2.00 each, 100 clubs for $50.00 each, and 500 tees for $0.10 each. In 2020, they bought 1,000 golf balls for $2.50 each, 100 clubs for $75.00 each, and 500 tees for $0.12 each. Using 2010 as the base year, answer the following questions.
a. What was the CPI for 2010?
b. What was the CPI for 2011?
c. What was the inflation rate in 2011?
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Suppose that the residents of Colgateville play golf incessantly. In fact, golf is the only thing th...
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