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Use the information in the table to calculate a consumer price index (CPI) for 1976

Economics

Use the information in the table to calculate a consumer price index (CPI) for 1976. The base year is 1975. The quantity column shows the quantity of each item in the market basket. Round answers to two decimal places. Market basket Quantity 1975 prices 1976 prices A dozen eggs 25 $0.90 $1.50 Calculator 18 $13.00 $16.00 Microwave oven 6 $160.00 $200.00

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