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Use the table below to answer the following questions.
Table 6-2
-The market basket used to calculate the CPI in Aquilonia is 4 loaves of bread, 6 litres of milk, 2 shirts, and 2 pairs of pants. In 2005 the price of bread was $1.00 per loaf, the price of milk was $1.50 per litre, the price of a shirt was $6.00, and the price of a pair of pants was $10.00. In 2006 the price of bread was $1.75 per loaf, the price of milk was $2.25 per litre, the price of a shirt was $7.50, and the price of a pair of pants was $13.00. What was the inflation rate, as measured by the CPI, for Aquilonia between 2005 and 2006?
A photo and video-sharing social networking service that allows users to upload content which can then be shared with followers or a select group of friends.
Photographers
Professionals or enthusiasts who take photographs using various types of cameras as a form of art or to capture moments.
Social Media Marketing
A form of digital marketing that involves creating and sharing content on social media networks to achieve marketing and branding goals.
B₂C Respondents
Individuals who participate in surveys or studies, representing the consumer side in business-to-consumer market research.
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