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    Statistics for Business and Economics Study Set 3
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    Exam 20: Index Numbers
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    In 1995 the Price of a Pound of Ground Beef
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In 1995 the Price of a Pound of Ground Beef

Question 11

Question 11

Multiple Choice

In 1995 the price of a pound of ground beef was $1.25. By 2010, the price had increased to $2.50. The price relative is


A) 50
B) 0.5
C) 200
D) 3.125

Correct Answer:

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