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Assume prices of the particular goods you buy are increasing by 1 percent every month. Using January 2021 as your base month, calculate the CPI
Assume prices of the particular goods you buy are increasing by 1 percent every month. Using January 2021 as your base month, calculate the CPI for three of the goods you buy every month. Hint: You have three goods in the basket; the quantity of each good is one; make up the price of the three goods for January, and then increase the price by one percent every month. SHOW YOUR WORK.
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