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12 March, 21:48

The current cost of a typical desktop computer is $745. The cost in year 1983 was $1,445 with fewer capabilities. What is the CPI for the desktop computer?

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  1. 12 March, 22:06
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    A consumer price index (CPI) measures changes in the price level of market basket of consumer goods and services purchased by households. The annual percentage change in a CPI is used as a measure of inflation

    CPI = (1,445:745) * 100=194
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