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Consider the following table for an economy that produces only four goods: 1995 1995 2015 2015 Goods & Services Price Quantity Price Quantity Pizza $4 10 $ 8 12 20 Cola 12 36 15 T-shirts 6 5 10 15

Consider the following table for an economy that produces only four goods: 1995 1995 2015 2015 Goods & Services Price Quantity Price Quantity Pizza $4 10 $ 8 12 20 Cola 12 36 15 T-shirts 6 5 10 15 Business equipment 25 10 30 12 Assuming a 1995 base year, what is the CPI for 1995? for 2015? b. What is the inflation rate between 1995 and 2015?

2. Consider the following table for an economy that produces only four goods: 1995 1995 2015 2015 Goods & Services Price Quan

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