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19-12-2022
Business

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Calculate the CPI market basket and the percentage of the average household budget spent on juice in the reference base year.
In 2015, the average household spent $64 on juice and $35 on cloth. The price of juice was $4 a bottle, and the price of cloth was $5 a yard.
In 2016, the price of juice is $3 a bottle and the price of cloth is $6 a yard

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