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If the cpi is 137 in year y, then it costs _______ in year y to buy the same market basket that cost _______ in the base period. $37; $100 $137; $37 $100; $137 $137; $100
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Jul 16, 2018
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If the cpi is 137 in year y, then it costs _______ in year y to buy the same market basket that cost _______ in the base period. $37; $100 $137; $37 $100; $137 $137; $100
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D. $137; $100
The base year cost is $100. 37% of this is $37 so the total cost of the basket of goods is $137.
Michael Ramos
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Jul 20, 2018
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