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- Down Point Index Numbers Ex. 1 The average CPI was 114.1 in 2008, 116.5 in 2010, and 121.7 in 2012. a) What amount in 2012
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Answer #1

The Consumer Price Index (CPI) are used to asses price changes related to cost of living. It measures the purchasing power of the country.

Amount that has same purchasing power as$1000 in 2010= 1000*121.7/116.5= $1044.63 or $1045

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