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tw1gg tw1gg
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A year ago
For a given year, an index number of average prices across the economy (in Canada, the Consumer Price Index) is the ratio of the

▸ price of several goods in the given year to that in the base year.

▸ simple average price of all goods in the given year to that in the base year.

▸ average price of several goods in the base year to that in the given year.

▸ weighted prices of a typical bundle of goods purchased in the base year to that in the given year.

▸ weighted prices of a typical bundle of goods purchased in a given year to that in the base year.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
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edatayedatay
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A year ago
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tw1gg Author
wrote...

A year ago
Thanks
KaylenePig
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Yesterday
Good timing, thanks!
54321abs
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2 hours ago
Helped a lot
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