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Use the following table to CALCULATE a price index: Basket of Goods 2013 2014 20 Big Mac meals $7.25 $7.50 3 pairs jeans $50.00 $55.00
Use the following table to CALCULATE a price index:
| Basket of Goods | 2013 | 2014 |
| 20 Big Mac meals | $7.25 | $7.50 |
| 3 pairs jeans | $50.00 | $55.00 |
| 15 movie tickets | $7.00 | $7.00 |
What is the value of the price index in 2013?
What is the value of the price index in 2014?
What is inflation from 2013 to 2014?
DONT USE PEN PAPER
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International Business Competing in the Global Marketplace
Authors: Charles W. L. Hill
11th edition
1259578119, 978-1259578113
