suppose that the residents of vegopia spend all of their income on long beans, bean sprouts, and carrots. in 2006, they buy 100 strands of long beans for rm200, 50 kilos of bean sprouts for rm75, and 500 carrots for rm50. in 2007,, they buy 75 strands of long beans for rm225, 80 kilos of bean sprouts for rm120, and 500 carrots for rm100. the actions or interactions other relevant information (1-2 detailed sentences recommended

A. calculate the price of each vegetable in each year. B. using 2006 as the base year, calculate the CPI for each year.

C. what is the inflation rate in 2007?

Answer rating: 100% (QA)

Part A To find the price of each vegetable we simply divide the total cost incurred on each vegetabl... View the full answer