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Use the following table to calculate the rate of inflation for year 2019 using CPI method and 2018 as the base year year Price
Use the following table to calculate the rate of inflation for year 2019 using CPI method and 2018 as the base year year Price of Fruits Price of Grains 2018 $ 2.00 $ 3.00 2019 $ 2.75 $ 4.00 2020 $ 3.50 $ 4.25 Assume the weight for fruits is 3 units and the weight for grains is 10 units. The weights represent the importance of fruits and grains in the consumption basket of an average citizen.
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Human Resource Management
Authors: Wayne Dean Mondy, Judy Bandy Mondy
12th edition
978-0132553001
