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  3. for the same model economy data is given below assume...

Question: for the same model economy data is given below assume...

Question details

For the same model economy, (Data is given below) assume period 2 as the base time period.Recalculate
(i): CPI for Period 1, 2 and 3
(ii): Rate of inflation between

  • (a) Period 1 and 2
  • (b): Period 1 and 3
  • (c): Period 2 and 3

Entry Ticket

Burger

Panini Sandwich

Dr. Pepper

Quantity

6

12

4

1o

Year 1

$5.00

$2.00

$12.00

$1.25

Year 2

$6.00

$2.50

$12.50

$1.40

Year 3

$6.50

$3.00

$13.00

$1.50Ye

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