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Suppose a Loaf of Bread Sold for $3

Question 56

Multiple Choice

Suppose a loaf of bread sold for $3.00 in 2008.The price of bread then increases to $3.60 in 2009.The price index for bread considering 2008 as the base year is _____.


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

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