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Solve clearly 4. Answer the following questions related to the above table: Good Price2017 Quantity2017 Cost2017 Price2020 Quantity2020 Cost2020 apple $1.50 A $180.00 $1.80 150
Solve clearly
4. Answer the following questions related to the above table: Good Price2017 Quantity2017 Cost2017 Price2020 Quantity2020 Cost2020 apple $1.50 A $180.00 $1.80 150 $270.00 pineapple $4.25 200 B C 410 $1537.50 cherries $1.20 400 D $1.62 305 F (i) What is the value of B? (ii) What is the value of C? (iii) What is the value of D? (iv) What is the value of E? (v) What is the price index for all market basket goods, using 2017 as the base year? (vi) Suppose that the cost of all those market basket goods in 2021 is $2625. What is the rate of inflation between 2020 and 2021? HINT: Use the following formula: market basket cost2021 - market basket cost 2020 market basket cost 2020 * 100Step by Step Solution
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