Business, 10.03.2020 20:04 dillionmaggio
Take 2014 as the price index base year. That year, you paid $80 for a day at a theme park. In 2015, the price was up to $84. Assuming that the increase reflects the inflation rate and that this rate continues in 2016, match each number to its description.(1)the 2016 price index: 110.25, (2)the 2015 price index: 105, (3) the inflation rate as a percentage: 5, (4) the cost of a theme park visit in 2016 dollars: 88.20
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Take 2014 as the price index base year. That year, you paid $80 for a day at a theme park. In 2015,...
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