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For a given year, an index number of average prices across the economy (in Canada, the Consumer ...

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For a given year, an index number of average prices across the economy (in Canada, the Consumer ...

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.

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Microeconomics

Edition: 17^th

Author: Ragan

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edatay

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tw1gg Author

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Good timing, thanks!

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Thanks for your help!!

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This site is awesome

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