Assume that the typical consumer basket consists of 5 bushels of peaches and 10 bushels of walnuts

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Assume that the typical consumer basket consists of 5 bushels of peaches and 10 bushels of walnuts and that the base year is 2014. What is the consumer price index for 2014?

Year	peaches	pecans
2014	$14 per bushel	$9 per bushel
2015	$12 per bushel	$14 per bushel

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Macroeconomics

ISBN: 9781292160504

7th Global Edition

Authors: Olivier J. Blanchard

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Posted Date: Mar 18, 2024 04:42 PM

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Assume that the typical consumer basket consists of 5 bushels of peaches and 10 bushels of walnuts

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The Consumer Price Index CPI for the base year 2014 is by definition 100 This is ... View the full answer

Macroeconomics

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