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2. You have the following data for two consumption goods (X and Y) and are the only ones used. Good X Good Y Quantity Quantity

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2. You have the following data for two consumption goods (X and Y) and are the only ones used. Good X Good Y Quantity Quantity (units) (units) 2015 5 200 6 400 2016 8 400 7 420 Price (euros) Price (euros) Consider 2015 as the base year and round up to two decimals. Prove that every statement is true or false. (Show work!) (2.5 points) a. CPI in 2016 is 135.84. T b. Inflation rate using CPI has a value of 25,41 % F 0. Real GDP is 4500 euros. d. Inflation rate using the deflator has a value of 35,84%

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