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5. If you walked into a grocery store in 1980 a dozen eggs cost $0.90. In 2014, a dozen eggs cost $1.73. Year CPI a)

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5. If you walked into a grocery store in 1980 a dozen eggs cost $0.90. In 2014, a dozen eggs cost $1.73. Year CPI a) Did the nominal price of eggs increase or decrease? By what percentage 1980 36.5 (use the percentage change formula above)? 2014 100 price in 2014 - price in 1980 - 100/ price in MID = ( 1.93- 4)- 180/0 92.2% is the answer because it is positive, nominal, plug in increased

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