Multiple Choice
The index number for the price of a good in 2002 was 142 and in 2003, it was 148.5, on a base year of 1994. What is the percent increase in price of gasoline from 2002 to 2003
A) 4.377%
B) 4.577%
C) 95.62%
D) 6.5%
Correct Answer:
Verified
Correct Answer:
Verified
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