Calculate the following: a) Complete Wonderland's Market Basket consisting of only two items in the following: Table

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Calculate the following:

a) Complete Wonderland's Market Basket consisting of only two items in the following:

Table using Yr 2019 as the base year:

Yr 2019QtyPriceYr 2020QtyPrice

Oranges10$2010$40

Hair Cuts5$80 5$100

A)Calculate Wonderland's CPI for Yr 2019

B)Calculate Wonderland's CPI for Yr 2020

C)Calculate the Inflation Rate.

b) Calculate CPI:

CPI basket: (10 lbs beef, 20 lbs chicken)

The CPI basket cost $120 in 2014, the base year)

Price of beef Price of chicken

2014 $4 $4

2015 $5 $5

2016 $9 $6

A)Compute the CPI in 2015

B)What was the CPI inflation rate from 2015 to 2016?

Posted Date: Jun 25, 2024 11:56 PM

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Calculate the following: a) Complete Wonderland's Market Basket consisting of only two items in the following: Table

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