Question
Suppose in 2019, the cost of a market basket of goods was $1,977. In 2021, the cost of the same market basket of goods was
Suppose in
2019,
the cost of a market basket of goods was
$1,977.
In
2021,
the cost of the same market basket of goods was
$2,133.
Part 2Calculate the price index for
2021,
using the price index formula, assume
2019
is the base year.
enter your response here
(Enter your response as an index number rounded to one decimal place.)
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Business Its Legal Ethical and Global Environment
Authors: Marianne M. Jennings
11th edition
1337103578, 978-1337514392, 133751439X, 978-0357690130, 978-1337103572
