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Q. Government survey takers conclude that typical family expenditures each month in the year designated as the base year are as follows:

20 pizzas at $10 each
Rent of apartment, $600 every month
Gasoline also car maintenance, $100
Phone service (basic service plus 10 long-distance calls), $50

In the year subsequent the base year, the survey takers conclude that pizzas have risen to $11 each, apartment rent is $640, gasoline also maintenance have risen to $120 also phone service has dropped in price to $40.

Find out the CPI in the subsequent year also the rate of inflation between the base year also the subsequent year.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9170832

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