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Calculate the price index for 2016

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Reference no: EM132235771

Suppose in 2014, the cost of a market basket of goods was $2,000. In 2016, the cost of the same market basket of goods was $2,128.

Calculate the price index for 2016, using the price index formula, assume 2014 is the base year.(Enter your response as an index number rounded to one decimal? place.)

Reference no: EM132235771

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