Which of the following is the correct formula for calculating the consumer price index?
a. [...
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Business, 28.12.2019 06:31 alejandro8212003
Which of the following is the correct formula for calculating the consumer price index?
a. [(cpi in year 1- cpi in year 2) / cpi in year 2] x 100
b. [(price of basket of goods and services in current year / price of basket in base year)] x 100
c. [(price of basket of goods and services in current year - price of basket in base year) / price of basket in base year ] x 100
d. [(price of basket of goods and services in base year / price of basket in current year)] x 100
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Answers: 2
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