1. If the cost of a market basket of goods increases from $100 in year 1 to...

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1. If the cost of a market basket of goods increases from

$100 in year 1 to $108 in year 2, what is the consumer price index in year 2 if year 1 is the base year?

a. 8

b. 10

c. 100

d. 108

e. 110

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Macroeconomics In Modules

ISBN: 978-1464139055

3rd Edition

Authors: Paul Krugman ,Robin Wells

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Question Posted: Oct 16, 2024 07:01 AM

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1. If the cost of a market basket of goods increases from $100 in year 1 to $108 in year 2, the consumer price index in year 2 equals if year 1 is the base year. a. 8 b. 10 c. 100 d. 108 e. 110
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1. If the cost of a market basket of goods increases from $100 in year 1 to...

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Macroeconomics In Modules

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