Assume that the price of a market basket of goods and services is $2,000 in the base
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Assume that the price of a market basket of goods and services is $2,000 in the base period, $2,060 one year later, and $2,100 two years later. What is the price index in the base period? After the first year? After the second year? What is the rate of inflation in the first year? In the second year?
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Related Book For 
Financial System Of The Economy Principles Of Money And Banking
ISBN: 9780765622464
5th Edition
Authors: Maureen Burton,Bruce Brown
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