1. Table 1 shows the price of gasoline and the CPI for four years. The reference base...

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1. Table 1 shows the price of gasoline and the CPI for four years. The reference base period is 1982–1984. Calculate the real price of gasoline each year. In which year was this real price highest and in which year was it lowest?

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Essential Foundations Of Economics

ISBN: 9780520219465

7th Global Edition

Authors: Bade, Robin;Parkin, Michael

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