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Business, 21.06.2021 21:00 juniorvalencia4

A Consumer Expenditure Survey in the city of Firestorm shows that people buy only firecrackers and bandages. A Consumer Expenditure Survey in 2019 shows that the average household spent ​$44 on firecrackers and ​$12 on bandages. In​ 2019, the reference base​ year, the price of a firecracker was ​$1​, and the price of bandages was ​$3 a pack. In the current​ year, 2020, firecrackers are ​$6 each and bandages are ​$3 a pack. Calculate the CPI in 2012 and the inflation rate in 2012.

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A Consumer Expenditure Survey in the city of Firestorm shows that people buy only firecrackers and b...

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