Calculate the cpi for year 2

Reference no: EM133439420

Question: Assume the data below is used to keep track of the price of a market basket for years 1 and 2 in Economy A. Use the following data to calculate the CPI for year 2.

Year	Price of Market Basket	CPI
2022	$89	100
2023	$70

Using the information that has been given, answer the following question.

Calculate the CPI for Year 2. (Answer with two decimal places)

Reference no: EM133439420

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