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Suppose a Loaf of Bread Sold for $3

Question 125

Multiple Choice

Suppose a loaf of bread sold for $3.00 in 2016. The price of bread then increases to $3.60 in 2017. The price index for bread in 2017, considering 2016 as the base year, is _____.


A) 1.20
B) 83.33
C) 120
D) 100
E) 20

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