Question
Suppose that 1993 is the base year for the Consumer Price Index(CPI) and in 2016 the CPI was 223. What does this 223 mean?
Suppose that 1993 is the base year for the Consumer Price Index(CPI) and in 2016 the CPI was 223. What does this "223" mean?
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Macroeconomics
Authors: N. Gregory Mankiw, William M. Scarth
5th Canadian Edition
1464168504, 978-1464168505
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