Calculate the consumer price index

Reference no: EM13691209

Suppose a basket of goods and services has been selected to calculate the consumer price index (CPI) and 2002 has been selected as the base year. In 2002, the baskets cost was $600; in 2004, the baskets cost was $650; and in 2006, the baskets cost was $700. The value of the CPI in 2004 was (round to one decimal place):

Reference no: EM13691209

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