Economy, asked by rahulshah8, 11 months ago

derivation of calculation of purchasing power= 1/cpi​

Answers

Answered by deepnkumarshah
1

Answer:

calculate the purchasing power, collect the CPI information from the Bureau of Labor Statistics. ... Divide the earlier year by the later year and multiply by 100 to derive the CPI change during that period: (38.8 / 247.9) x 100 = 15.7 percent.

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