Question
A market basket is made up of three goods, 10X, 15Y, and 20Z. The prices in the base year are $1, $2, and $3, respectively.
A market basket is made up of three goods, 10X, 15Y, and 20Z. The prices in the base year are $1, $2, and $3, respectively. The prices in the current year are $1.50, $2.50, and $3.50. What is the approximate consumer price index in the current year?
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Essentials Of Mis
Authors: Kenneth Laudon
8th Edition
1292153776, 9781292153773
