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Answer the question using the chart. What is the total of the current year CPI market basket?

16. Answer the question using the chart.
What is the total of the current year CPI market basket?
$1,120.40
$1,815.65
$1,130.40

Answer

Answer:

To find the total of the current year CPI market basket, add the current year prices of all items:

  1. A dozen eggs: $1.90
  2. A loaf of bread: $3.50
  3. A concert ticket: $65.00
  4. Monthly mortgage payment: $1,050.00
  5. A sweatshirt: $10.00

Total = $1.90 + $3.50 + $65.00 + $1,050.00 + $10.00 = $1,130.40

The correct answer is $1,130.40.

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