Using the table below,compute the consumer price index (CPI) in 2007 using 2006 as the base year.Show all your work.
Definitions:
Bank Account
An account managed by a bank where the monetary transactions between the bank and its customers are documented.
Annual Raises
Increases in salary or wage that are given to employees on a yearly basis, often based on performance or inflation adjustments.
First Deposit
The initial amount of money placed into a financial account or investment.
Inflation
The speed at which overall price levels for products and services increase, leading to a decrease in buying power.
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