Question

. In an economy a typical consumer purchases 4 notebook and 5 pens. The price of...

. In an economy a typical consumer purchases 4 notebook and 5 pens. The price of these products is given in the table below for three years.

Year Price of Notebook Price of Pen

2017 $3 $2

2018 $4 $3

2019 $5 $5

From the information given in the table above (assuming 2017 as the base year) calculate:

• CPI for 2017

• CPI for 2018

• CPI for 2019

• Inflation rate for 2018

• Inflation rate for 2019

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