Question: How to calculate this using the formulas for CPI and inflation The table below pertains to Napandsnack, an economy in which the typical consumer's basket

How to calculate this using the formulas for CPI and inflation

The table below pertains to Napandsnack, an economy in which the typical consumer's basket consists of 2 pillows and 15 hotdogs. Year 2009 2011 Price of a Pillow 2010 $45 Refer to $40 $50 20 percent. 25 percent. 30 percent. 120 percent. Price of a Hotdog $3 $4 $3 . If the base year is 2009, then the economy's inflation rate in 2010 is

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