The table below lists the prices from last year and the base year for a college-...

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The table below lists the prices from last year and the base year for a college- related basket of goods. Assume that the typical basket of goods for a college student consists of 190 gallons of gas, 65 pizzas, 50 6-packs, and 3 textbooks. Price Base Year Basket of Goods (dollars) Price Last Year (dollars) Gasoline (per gallon) $1.80 $2.35 Pizza (per pizza) 4.35 7.90 Beer (per 6-pack) 4.15 6.94 Textbook (per book) 99.00 231.00 Using the values above, what is the rate of inflation between the base year. and last year (Please round your answer to two decimal places)? The table below lists the prices from last year and the base year for a college- related basket of goods. Assume that the typical basket of goods for a college student consists of 190 gallons of gas, 65 pizzas, 50 6-packs, and 3 textbooks. Price Base Year Basket of Goods (dollars) Price Last Year (dollars) Gasoline (per gallon) $1.80 $2.35 Pizza (per pizza) 4.35 7.90 Beer (per 6-pack) 4.15 6.94 Textbook (per book) 99.00 231.00 Using the values above, what is the rate of inflation between the base year. and last year (Please round your answer to two decimal places)?

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The image you sent is a question about economics specifically about the Consumer Price Index CPI which is a measure of how prices change over time The table in the question shows the prices of a baske... View the full answer