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Consider an economy with only two goods: bread and wine. In 2000, the typical family bought 4 loaves of bread at 50 cents per loaf and 2 bottles of wine for 9 dollars per bottle. In 2015, bread cost 75 cents per loaf and wine cost 10 dollars per bottle. The CPI for 2015 ( using 2000 as base year) is a) 100 b) 115 c) 126 d) 130

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Based on the cost of bread and wine in those two years, the CPI for 2015 can be calculated to be B. 115.

What is the CPI in 2015?

Find the total cost of goods in 2000:

= (4 x 50 cents) + (2 x 9)

= $20

Total cost in 2015:

= (4 x 75 cents) + (2 x 10)

= $23

The CPI in 2015 is:

= 23 / 20 x 100

= 115

Find out more on the CPI at https://brainly.com/question/1889164.

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