Question
Item Quantity in Basket 2017 Price Cost in the 2017 Basket 2018 Price Cost in the 2018 Basket Product A 1 $3.00 $3.00 Product B
Item Quantity in Basket 2017 Price Cost in the 2017 Basket 2018 Price Cost in the 2018 Basket Product A 1 $3.00 $3.00
Product B 1 $2.00 $2.20
Product C 1 $1.00 $0.90
Total cost of Basket
1. What is the CPI in 2018?
2. What is the rate of inflation in 2018?
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Entrepreneurship
Authors: Andrew Zacharakis, William D Bygrave
5th Edition
1119563097, 9781119563099
