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11 February, 19:56

Suppose a market basket of goods and services costs $1,000 in the base year and the consumer price index (cpi) is currently 110. this indicates the price of the market basket of goods and services is now:

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  1. 11 February, 22:06
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    I'm not sure what the 110 means if what it is usually at is at a CPI of 100 it would be at $1100 but I'm not sure
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