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ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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7a

Transcribed Image Text:1.
The index used to measure inflation is the
a consumer price index.
b. producer price index
c. wholesale price index.
d. GDP deflator.
2.
The price index in year 2 is 110 and the price index in year 3 is 115. The rate
of inflation between years 2 and 3 is
a. 1.04%.
b. 2.04%.
c. 4.17%.
d. 4.55%
Expert Solution
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