question archive Complete Wonderland's Market Basket consisting of only two items in the following: Table using Yr 2019 as the base year: Yr 2019 Qty Price Yr2020 Qty Price Oranges 10 $20 10 $40 Hair Cuts 5 $80 5 $100 A) Calculate Wonderland's CPI for Yr2019 B) Calculate Wonderland's CPI for Yr2020 C) Calculate the Inflation Rate
Complete Wonderland's Market Basket consisting of only two items in the following: Table using Yr 2019 as the base year: Yr 2019 Qty Price Yr2020 Qty Price Oranges 10 $20 10 $40 Hair Cuts 5 $80 5 $100 A) Calculate Wonderland's CPI for Yr2019 B) Calculate Wonderland's CPI for Yr2020 C) Calculate the Inflation Rate
Subject:EconomicsPrice:3.87 Bought7
Complete Wonderland's Market Basket consisting of only two items in the following:
Table using Yr 2019 as the base year:
Yr 2019 Qty Price Yr2020 Qty Price
Oranges 10 $20 10 $40
Hair Cuts 5 $80 5 $100
A) Calculate Wonderland's CPI for Yr2019
B) Calculate Wonderland's CPI for Yr2020
C) Calculate the Inflation Rate.
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Answer:
A.100%
B.150%
C.50%
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