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| Subject:
a market basket of goods
Category: Business and Money > Economics Asked by: skeeter1-ga List Price: $2.00 |
Posted:
08 May 2003 09:28 PDT
Expires: 07 Jun 2003 09:28 PDT Question ID: 201166 |
If a market basket of goods cost $125.00 in the base year and $125.00 in the base year and $250.00 in a later year, the price index in the later year would be correctly expressed as a. 125 b. 250 c. 200 d. 50 |
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| Subject:
Re: a market basket of goods
Answered By: omnivorous-ga on 08 May 2003 09:59 PDT Rated: |
c. 200 For an authorative description of price indexes, including an inflation calculator, see: Federal Reserve Bank of Minneapolis "What is a dollar worth?" http://minneapolisfed.org/Research/data/us/calc/ Google search strategy: CPI + "price index" + "base year" Best regards, Omnivorous-GA |
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