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Consider the Following Data That Gives the Quantity Produced and Unit

Question 68

Multiple Choice

Consider the following data that gives the quantity produced and unit price for three different goods across two different years to answer the following questions. Assume that the base year is 2015. Consider the following data that gives the quantity produced and unit price for three different goods across two different years to answer the following questions. Assume that the base year is 2015.   -What was the inflation rate between the two years? A)  1 percent B)  3.2 percent C)  2 percent D)  3.8 percent E)  8.3 percent
-What was the inflation rate between the two years?


A) 1 percent
B) 3.2 percent
C) 2 percent
D) 3.8 percent
E) 8.3 percent

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