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Calculation of CPI (Consumer Price Index).

Assume you bought a bag of groceries at Food Lion this past September for $46.54. Compute the price of a similar bag of groceries in 1999 prices if the CPI for food and beverages in September 1999 was 165.1 and for September 2009 it was 217.617.

 

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M921586

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