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5. Cruzville economists have been using 2013 as their base year to calculate inflation. a) What is the CPI during the base year (2013)? b) What is the CPI for 2014? c) What is the CPI for 2015? (3 points)

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Based on the base year used by Cruzville economists to calculate inflation, the following at the CPIs:

  • 2013 = 100
  • 2014 = 112
  • 2015 = 130

What is the CPI over the years?

As 2013 is the base year, the CPI will be 100 because all base years are 100 for CPI purposes.

The CPI in 2014 is:

= 112

This is due to an inflation rate of 12%.

An inflation rate of 16.1% is the reason why the CPI in 2015 is 130.

Find out more on CPI at https://brainly.com/question/1889164.

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