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Monthly Expenditures for a Family of 4 in 2010 Averaged

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Monthly expenditures for a family of 4 in 2010 averaged $1,400.In 2011, the cost of the same purchases was $1,500.If 2010 is the base year, what was the CPI in 2011?


Definitions:

Cognitive Structures

Mental frameworks that individuals use to organize and interpret information, guiding how they perceive the world.

Assimilation

In psychology, a cognitive process where individuals integrate new information into existing frameworks or schemas.

Piaget's Theory

A theory of cognitive development that describes how children's thinking evolves in stages as they interact with their environment.

Preoperational Thought

A stage in Piaget's theory of cognitive development where children from about 2 to 7 years old are able to use symbols and language but do not yet understand concrete logic.

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