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Suppose American households spend their income on four types of goods as follows: 20% on food, 30% on energy, 42% on housing, and 8% on
Suppose American households spend their income on four types of goods as follows: 20% on food, 30% on energy, 42% on housing, and 8% on entertainment for the following four years. Compute the costs of the market basket and the Consumer Price Index CPI for each of the years. (20 pts)
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