Suppose there are only three goods that households consume: clothes, food, and weapon. Given the information below,
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Suppose there are only three goods that households consume: clothes, food, and weapon. Given the information below, find the CPI in the base year and the current year using a 100-point scale.
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Year Base Year Current Year Weapon Price $10,000 1 $5,000 Quantity Price Quantity Price Quantity $10 2,000 $5 1,500 2 Food $12 6,000 Clothes $10 1,500
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