Order the answer to: Calculate the CPI and the inflation rate in 2010. The people

Academic Help business economics Order the answer to: Calculate the CPI and the inflation rate in 2010. The people

business economics

Order the answer to: Calculate the CPI and the inflation rate in 2010. The people

Question Calculate the CPI and the inflation rate in 2010.
The people on Coral Island buy only juice and cloth. The CPI basket contains the quantities bought in 2009. The average household spent $60 on juice and $30 on cloth in 2009 when the price of juice was $2 a bottle and the price of cloth was $5 a yard. In the current year, 2010, juice is $4 a bottle and cloth is $6 a yard.
Subject business economics
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