Question: Back to Assignment Attempts Keep the Highest ? 3 6 . Calculating inflation using a simple price index Consider an imaginary price index, the Undergraduate

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Keep the Highest ?3
6. Calculating inflation using a simple price index
Consider an imaginary price index, the Undergraduate Price Index (UPI), created to represent the annual purchases made by a typical underg The following table contains information on the market basket for the UPI and the price of each good in 2020,2021, and 2022.
The cost of each good in the basket as well as the basket's total cost are given for 2020.
Perform these same calculations for 2021 and 2022, and enter the results in the following table.
\table[[,Quantity in Basket,2020,2021,2022],[,\table[[Price],[(Dollars)]],\table[[Cost],[(Dollars)]],\table[[Price],[(Dollars)]],\table[[Cost],[(Dollars)]],\table[[Price],[(Dollars)]],\table[[Cost],[(Dollars)]]],[Streaming services,1,64,64,104,,234,],[Iced coffees,150,2,300,2,,2,],[Textbooks,10,80,800,$5,,105,],[Notebooks,8,2,16,2,,4,],[Energy drinks,40,3,120,4,,5,]]
Back to Assignment Attempts Keep the Highest ? 3

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