Statistics Canada calculates separate subindexes of the CPI for goods and for services. The goods index rose from 96.8 to 112.0 over a 10-year period. During the same period, the services index rose from 95.2 to 115.1.
a) How much did representative goods worth $1,000 at the beginning cost at the end of the 10-year period?
b) How much did representative services worth $1,000 at the beginning cost at the end of the 10-year period?
c) What is the difference between the percent increase in the price level of services and the percent increase in the price level of goods during the decade?

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The Answer of Statistics Canada calculates separate subindexes of the CPI for goods and for services. The goods index rose from 96.8 to 112.0 over a 10-year period. During the same period, the services index rose from 95.2 to 115.1.
a) How much did representative goods worth $1,000 at the beginning cost at the end of the 10-year period?
b) How much did representative services worth $1,000 at the beginning cost at the end of the 10-year period?
c) What is the difference between the percent increase in the price level of services and the percent increase in the price level of goods during the decade?

Statistics Canada Calculates Separate Subindexes of the CPI for Goods