The table above gives the purchases of a typical consumer in a country comprised of one...

  

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The table above gives the purchases of a typical consumer in a country comprised of one large city. These consumers purchase only restaurant meals and parking. The year 2010 is the base year. The CPI in 2010 is_______ Quantity Item (2010) Restaurant meals -100 Weeks of parking 50 Price Quantity Price (2010) (2011) (2011) $10.00 100 $12.00 $100.00 50 $97.50 The table above gives the purchases of a typical consumer in a country comprised of one large city. These consumers purchase only restaurant meals and parking. The year 2010 is the base year. The CPI in 2010 is_______ Quantity Item (2010) Restaurant meals -100 Weeks of parking 50 Price Quantity Price (2010) (2011) (2011) $10.00 100 $12.00 $100.00 50 $97.50

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To calculate the Consumer Price Index CPI we need to compare t... View the full answer