Multiple Choice
Suppose the average price of gas in 2018 was $1.25 per litre and $1.30 in 2019. The inflation rate was 3 percent in 2019. What was the 2019 price of gas in 2018 dollars?
A) $1.262
B) $1.2875
C) $1.339
D) $1.350
Correct Answer:
Verified
Correct Answer:
Verified
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