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THE CPI AND THE COST OF LIVING Cost of living index A measure of changes in the amount of money that people would need to spend to achieve a given standard. -
Calculate the cost of living index number from the following data :Item 2|c| Price Weight 2 3 Base Year Current Year Food 30 47 4 Fuel 8 12 1 Clothes 14 18 3 House Rent 22 15 2 Miscellaneous 25 30 1
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:max_bytes(150000):strip_icc()/SocialSecurityCOLA-0f5d358a8d244d399e3245a8d6281149.jpg "How Is a Cost of Living Index Calculated?")
How Is a Cost of Living Index Calculated?
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Living Index: Cost of living indexes are meant to compare the expenses an average person can expect to incur - Brainly.in
