CPI and Inflation Practice Problems #1 Fill in blanks in table below Market Basket Items Cheese Blue Jeans Gasoline Total Cost of Basket # of Units 2 lbs 2 pairs 10 gallons Year 1 (2000) $ per unit Total Cost $1.75 $3.50 $12.00 $ $1.25 $ $ Year 2 (2003) $ per unit Total Cost $1.50 $ $15.50 $ $1.60 $ $ Year 3 (2006) $ per unit Total Cost $1.50 $ $20.00 $2.70 $ $

CPI and Inflation Practice Problems #1 Fill in blanks in table below Market Basket Items Cheese Blue Jeans Gasoline Total Cost of Basket # of Units 2 lbs 2 pairs 10 gallons Year 1 (2000) $ per unit Total Cost $1.75 $3.50 $12.00 $ $1.25 $ $ Year 2 (2003) $ per unit Total Cost $1.50 $ $15.50 $ $1.60 $ $ Year 3 (2006) $ per unit Total Cost $1.50 $ $20.00 $2.70 $ $

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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