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Consider the simple economy that produces only three products. Use the information in the
following table to calculate the (annual rate of) inflation for 2020 as measured by the consumer
price index (CPI). Using the information in the table, the CPI for 2019, with 2010 as the base year,
is (Enter your response rounded to one decimal place.) The inflation rate for 2020 as measured by
the consumer price index (CPI) is %. (Enter your response rounded to two decimal places.)

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