Think about how different groups will purchase items such, Econometrics

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Think about how different groups will purchase items such

An increase in the consumer price index will often affect different groups in different ways. Think about how different groups will purchase items such as housing, travel, or education in the CPI basket, and explain why they will be affected differently by increases in components of the CPI. How would you calculate an "urban CPI" or a "rural CPI"?

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