Tables 2 and 3 show the quantities of the goods that Harry bought and the prices he

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Tables 2 and 3 show the quantities of the goods that Harry bought and the prices he paid during two consecutive weeks. Harry’s CPI market basket contains the goods he bought in Week 1. Calculate Harry’s CPI in Week 2.

What was his inflation rate in Week 2?

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Foundations Of Macroeconomics

ISBN: 9780691179261

7th Global Edition

Authors: Bade, Robin;Parkin, Michael

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