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Suppose that the average household of pensioners receives a monthly pension of C...

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Suppose that the average household of pensioners receives a monthly pension of CZK 16,000 per pensioner and spends CZK 12000 on food and CZK 4000 on clothing. The price of clothing increases by 5% and the price of food increases by 10%. If the pension is fully indexed using the Consumer Price Index computed for households of pensioners, what will be the value of the indexed pension?

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