A typical consumer in Nickeltown has a market basket consisting of 8 blueberries, 6 lemons, and...

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A typical consumer in Nickeltown has a market basket consisting of 8 blueberries, 6 lemons, and 7 pears. The data table below provides information on Nickeltown's prices of blueberries, lemons, and pears from 2014 through 2016. 2014 2015 2016 Price per unit of blueberries $0.7 $2 $2 Price per unit of lemons $1.15 $2.3 $2.3 Price per unit of pears $1.6 $2.9 $3.2 CPI Annual inflation (%) Input the information into the table above. That is, calculate the CPI in 2015 and 2016, and the inflation rate between 2015 and 2016. A typical consumer in Nickeltown has a market basket consisting of 8 blueberries, 6 lemons, and 7 pears. The data table below provides information on Nickeltown's prices of blueberries, lemons, and pears from 2014 through 2016. 2014 2015 2016 Price per unit of blueberries $0.7 $2 $2 Price per unit of lemons $1.15 $2.3 $2.3 Price per unit of pears $1.6 $2.9 $3.2 CPI Annual inflation (%) Input the information into the table above. That is, calculate the CPI in 2015 and 2016, and the inflation rate between 2015 and 2016.

Answer rating: 100% (QA)

first we will find out cost of basket of good in each year cost of basketpricequ... View the full answer