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Given the price of different goods for the base and current 1.rears. Answer all questions below: a} What are the main reasons in calculating the
Given the price of different goods for the base and current 1.rears. Answer all questions below: a} What are the main reasons in calculating the g3}; b} Calculate the weighted CPI for each of the goods between different veers. c] Comment on the changes in the general price level for the nevl.I vear. d} alculate the greentage of change In the value of money.r due to the changes in the general price above. e] What is the effect of the above changes on the standard of living in the current vear? 1'] What is the importance of 1weighted CPI in constructing the price index? {EDI Ma rks]
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