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    Calculations involving the Consumer Price Index (CPI)

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    Consider the price index in the attached file. What are the values for A, B, and C? Was there inflation from 2006 to 2009? If the price changes above occurred for all goods across the economy during the four year period, explain how nominal GDP and real GDP would differ.

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    The CPI in a given year is the price in that year divided by the price in the base year, times 100. ...