Question: (D Why is it important to adjust for ination when comparing nominal quantities (for example, workers' average wages] at different points in time? @The typical

(D Why is it important to adjust for ination when comparing nominal quantities (for example, workers' average wages] at different points in time? @The typical consumer's food basket in 1e base year 2015 is as follows: 30 chickens at $3.00 each 10 hams at $6.00 each 10 steaks at $8.00 each A chicken feed shortage causes 1e price of chickens to rise to $5.00 ash in the year 2016. Hams rise to $2.00 each, and the price of steaks is unchanged. Calculate 111s change in the "cost-ofeating" index between 2015 and 2016

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