Mathematics, 19.11.2020 21:00 shelbybibb99
The prices of consumer goods do not always exactly follow the CPI. The following chart shows several consumer items, along with their respective prices in 1983 and today. Item Price in 1983 ($) Current Price ($) Pair of boots 67.45 126.85 Hair dryer 15.25 29.95 Box of tissues 1.15 2.25 Toaster 22.85 44.25 Using the prices shown on this chart, which of the following is a reasonable estimate of the current CPI?
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The prices of consumer goods do not always exactly follow the CPI. The following chart shows several...
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