Calculation of cpi or inflation rate

Reference no: EM13197669

Suppose that the residents of Veggieland spend all of their income on cauliflower, broccoli, and carrots. In 1998 they buy 100 heads of cauliflower for $200, 50 bunches of broccoli for $75, and 500 carrots for $50. In 1999 they buy 75 heads of cauliflower for $225, 80 bunches of broccoli for $120, and 500 carrots for $100. If the base year is 1998,

what is the CPI in both years?

What is the inflation rate in 1999

Reference no: EM13197669

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Calculation of cpi or inflation rate : Suppose that the residents of Veggieland spend all of their income on cauliflower, broccoli, and carrots. then calculate the CPI in both years.

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