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Question: total production 1999 2000 pricetotal production price total production hotdogs...

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Total Production 1999 2000 PriceTotal Production Price Total Production Hotdogs T-Shirts Factories 1000 2000 10 2000 4000 20 100 100 26. The chart above shows total production in an economy and the prices of each good produced in 1999 and 2000. Let 1999 be the base year, and let the market basket for the CPI be I hotdog and I T-shirt. Which of the the following statements is true? a. The inflation rate calculated by using the CPI is lower than the inflation rate calculated by using b. The inflation rate calculated by using the CPI is higher than the inflation rate calculated by using c. The inflation rate calculated by using the CPI is equal to the inflation rate calculated by using the d. the GDP deflator the GDP deflator. GDP deflator. More information is required to compare the inflation rates calculated by using the CPI vs. using the GDP deflator. potlatel 01 -
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