What would this typical basket have cost in the base year
CPI, Inflation
Suppose the price index is 130 and a typical basket of goods and services cost 520. What would this typical basket have cost in the base year?If the CPI changes from 110 in 1993 to 120 in 1994, what is the rate of inflation?
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What is the rate of inflation between 1992 and 1993. Now suppose that these outputs comprise all of GDP. Keeping 1992 as the base year, what is the GDP deflator for 1993.
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What would this typical basket have cost in the base year. If the CPI changes from 110 in 1993 to 120 in 1994, what is the rate of inflation.
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