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Mekhanik [1.2K]
3 years ago
8

Use the following information to work Problems 8 and 9.

Business
1 answer:
IRISSAK [1]3 years ago
8 0

Answer:

Change in CPI = 0.092%

Explanation:

As we know that ,

CPI - Consumer price index

As given,

CPI is fell down by 0.1%

the weight on energy prices in the CPI is 8%

If energy is not changed means energy is constant , then

Change in CPI = 0.1% - (0.1%)(8%)

                        = 0.001 - (0.001)(0.08)

                        = 0.001 - (0.00008)

                        = 0.00092

                        = 0.092%

⇒Change in CPI = 0.092%

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