Using the table below,compute the consumer price index (CPI)in 2007 using 2006 as the base year.Show all your work.
Definitions:
Economic Well-being
A broad measure of the prosperity and quality of life of individuals or societies, encompassing material, social, and environmental dimensions.
Output Decreased
A reduction in the quantity of goods or services produced by a company, industry, or economy.
Tobacco Industry
A sector of the economy encompassing the farming, manufacture, and sale of tobacco and tobacco-related products.
Government Intervention
Regulatory actions taken by a government in order to affect or interfere with decisions made by individuals, groups, or organizations regarding economic and social matters.
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