Essay
-The table above gives the purchases of a typical consumer in a country comprised of one large city.These consumers purchase only restaurant meals and parking.The year 2010 is the reference base period.
a.Find the total cost of the CPI market basket for 2010 and 2011.
b.What is the CPI in 2010 and in 2011?
c.What is the inflation rate between 2010 and 2011?
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