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Answer to Question #311960 in Macroeconomics for Jiya

Question #311960

where did the 100 came from??CPI 2016 base year


1
Expert's answer
2022-03-15T12:44:18-0400

If we calculate the CPI for the base year we divide base year expenditure by base year expenditure, making the base year CPI always equal to 100.


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