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Solve the Problem. -Find the Gasoline Price Index for a Year in Which

Question 116

Multiple Choice

Solve the problem.
-Find the gasoline price index for a year in which the cost of gasoline was $0.82 per gallon. Use the 1965 price as the reference value. In 1965, the cost of gasoline was 31.2 cents per gallon.


A) 2.6
B) 38
C) 262.8
D) 50.8

Correct Answer:

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