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I know how to calculate CPI in the sense without " a basket of 700 goods and services". How does adding this info change my calculation? I only know CPI= (the price of basket of goods in a year/ price of basket in a base year)X100. So in 2010, it will be ((2x5)/7)X100=100.

Thank you for your answer. I've just begun self-taught economics.


The next sentence of the question instructs you to ignore the "700 goods and services" and focus only on meat and movie tickets.

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