From the following information: Calculate Consumer Price Index Calculate Inflation Rate Basket contains 5 books and 15 pens Year Price of book (OR) Price of pen (OR) 2015 1 0.500 2016 1.500 0.560 2017 1.700 0.700 2018 2 0.900

From the following information: Calculate Consumer Price Index Calculate Inflation Rate Basket contains 5 books and 15 pens Year Price of book (OR) Price of pen (OR) 2015 1 0.500 2016 1.500 0.560 2017 1.700 0.700 2018 2 0.900

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter6: Tracking The U.s. Economy

Section: Chapter Questions

Problem 4.9P

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From the following information:

Calculate Consumer Price Index

Calculate Inflation Rate

Basket contains 5 books and 15 pens
Year	Price of book (OR)	Price of pen (OR)
2015	1	0.500
2016	1.500	0.560
2017	1.700	0.700
2018	2	0.900

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