in 2022 a loaf of bread would cost 2.49 euros. the CPI for 2000 and 2022 with base year 2015 is 74.95 and121.93 respectively. what is the price of a loaf of bread in 2022, expressed in prices of the year 2000 ?

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Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment

Section: Chapter Questions

Problem 9WNG

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in 2022 a loaf of bread would cost 2.49 euros. the CPI for 2000 and 2022 with base year 2015 is 74.95 and 121.93 respectively. what is the price of a loaf of bread in 2022, expressed in prices of the year 2000 ?