What is the Consumer Price Index (CPI)? Interpret Table 30.1.Explain how increases in the CPI affect (i)individuals living on fixed incomes,(ii)savers with deposits paying interest rates not indexed to inflation rates and (iii)net U.S.exports.When does inflation not affect real output and ?the purchasing power of income?

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The Answer of What is the Consumer Price Index (CPI)? Interpret Table 30.1.Explain how increases in the CPI affect (i)individuals living on fixed incomes,(ii)savers with deposits paying interest rates not indexed to inflation rates and (iii)net U.S.exports.When does inflation not affect real output and ?the purchasing power of income?

What Is the Consumer Price Index (CPI)? Interpret Table 30