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4. Imagine that the Consumer Price Index for Canada in 2020 was 102.6. Assume a base year was established in 2006. a) What can

4. Imagine that the Consumer Price Index for Canada in 2020 was 102.6. Assume a base year was established in 2006. a) What can you conclude about prices in Canada in 2020? (1 mark) b) If a set of tires cost $440 in 2006, how much would the same set of tires cost (approximately) in 2020? (2 marks)

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