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The table below shows the total expenditure on a basket of goods and services; use this information to calculate the index number for the cost
The table below shows the total expenditure on a basket of goods and services; use this information to calculate the index number for the cost of a basket of goods and services in period 2, assuming Period 1 is the base year. (Round to 1 decimal place.) Total Expenditure Index Number Period 1 $1,020 Period 2 $1,475
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