10 Calculate the CPI basket and the percentage of the households budget spent on juice in 2015....
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10 Calculate the CPI basket and the percentage of the household’s budget spent on juice in 2015.
The people on Coral Island buy only juice and cloth. The CPI basket contains the quantities bought in 2015. The average household spent €60 on juice and €30 on cloth in 2015 when the price of juice was €2 a bottle and the price of cloth was €5 a metre. In the current year, 2016, juice is €4 a bottle and cloth is €6 a metre.
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Related Book For 
Economics
ISBN: 9781118150122
10th European Edition
Authors: Michael Parkin, Dr Melanie Powell, Prof Kent Matthews
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