Multiple Choice
Suppose the average price of gas in 2009 was $0.95 per litre and $0.97 in 2010. The inflation rate was 3 percent in 2010. What was the 2010 price of gas in 2009 dollars?
A) $0.922
B) $0.941
C) $0.978
D) $0.999
Correct Answer:
Verified
Correct Answer:
Verified
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