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The market basket for an economy consists of two hot dogs and four hamburgers. In the base year of 2019 (CPI=1.00) the price of a

The "market basket" for an economy consists of two hot dogs and four hamburgers. In the base year of 2019 (CPI=1.00) the price of a hot dog was $3.00 and the price of a hamburger was $5.00. What is the CPI in 2020 if the prices of hot dogs and hamburgers are $3.25 and $5.25 respectively? Round your answer to two decimal places

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