Mathematics, 19.11.2019 19:31, rubiabori6579

If a basket of goods and services used to calculate cpi contains 2 pairs of socks at $2 each and 1 pair of shoes at $50, what will the cpi for year 2 be if the 2 pairs of socks cost $2.05 and 1 pair of shoes costs $51? a. 54.00 b. 55.10 c. 98.00 d. 102.04

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If a basket of goods and services used to calculate cpi contains 2 pairs of socks at $2 each and 1 p...