Mathematics, 11.05.2021 23:40, 218219

1. Consider the following table of prices of three goods in the market bundle, all weighted equally. Assume 2018 is the base
year.
Concert Tickets
Shoes
Soccer Balls
100
Year
2018
50
10
104
110
15
18
56
2019
2020
a. Calculate the total expense of the market bundle in each year.
b. Calculate the CPI for each year.
I
c. Calculate the inflation rate in 2020.

Answers: 2

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1. Consider the following table of prices of three goods in the market bundle, all weighted equally...