Economics

How to calculate the CPI for expenditures?

Given:
2001 $645
2002 $545

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  1. Expenditures for what? In what year? What do the second "given" column of numbers represent?

    I can't imagine CPI itself going down by that much (15.5%) from 2001 to 2002. It hardly ever goes down.

    You must have left some information, as well as definitions, out of your question.

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