Waht is the later years student cpi

Reference no: EM13192680

Suppose that the typical student consumer basket is made up of only three items: The typical student consumes 1000 meals each year, makes 12 housing payments each year, and pays for 40 credit-hours of tuition each year. Since the base year, the price of meals rises from $5 to $6.20, housing payments go from $300 to $330, and tuition goes from $45 to $58 per credit hour. Waht is the later year's "student CPI"? The later-year's Student CPI is ___.

Reference no: EM13192680

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