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In: Economics

Good Quantity Price 2016 Price 2017 Price 2018 A 160 $2.00 $2.40 $2.50 B 100 $3.00...

Good

Quantity

Price 2016

Price 2017

Price 2018

A

160

$2.00

$2.40

$2.50

B

100

$3.00

$3.20

$3.10

C

20

$100.00

$110.00

$120.00

  1. Calculate the cost of living for each year.
  2. Calculate the CPI for each year taking 2016 as the base year.
  3. Calculate the inflation rate for each year.

Solutions

Expert Solution

Rahul Sunny answered 2 years ago
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