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CPI Practice AP Macroeconomics
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Business, Social Studies
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11th Grade - University
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Hard
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The video tutorial explains the concept of the Consumer Price Index (CPI) and how it measures inflation by comparing the cost of a Market Basket over different years. It provides a step-by-step guide to calculating CPI using different base years (2009, 2010, and 2011) and explains how to interpret the results. The tutorial emphasizes understanding the Market Basket and its role in determining price changes over time.
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