Calculate a constant-weight price index for the second year, Mathematics

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Calculate a constant-weight price index for the second year

Assume the same simple economy described in the previous question.

a. Calculate a constant-weight price index for the second year, using the first year as the base.

b. What is the growth rate of prices (inflation rate) from the first to the second year?

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Mathematics: Calculate a constant-weight price index for the second year

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Mathematics: Calculate a constant-weight price index for the second year

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