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The table below pertains to Cheery-O. an economy In which the typical consumer's basket consists of 20 boxes of cereal & 50 gallons of milk
The table below pertains to Cheery-O. an economy In which the typical consumer's basket consists of 20 boxes of cereal & 50 gallons of milk Year Price - Cereal Price - Milk 2015 $3.50 $2.50 2016 $4.00 $2.75 2017 $4.50 53.25 Exclude all dollar signs, percent signs, commas, & words from numerical answers. Round to 2 decimals (if not a whole number). What is the basket price for each year? 2015 2016 2017 What is the CPI in each year, using base year 2015 2016 2017 What is the inflation rate from 2015-2016? 2016-2017? 2016 2017
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