Market basket No. 1 consists of 2 units of A, 5 units of B, and 1 unit

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Market basket No. 1 consists of 2 units of A, 5 units of B, and 1 unit of D. Market basket No. 2 consists of 3 units of B, 4 units of C, and 2 units of D. The per unit prices of each item during 1990 and during 1991 were as follows:

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Compute the annual rate of inflation for market basket No. 1 and for market basket No. 2. Round your answers to the nearest \(1 / 10 \%\).

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Financial Accounting

ISBN: 9780256091939

5th Edition

Authors: Kermit D. Larson, Paul B. W. Miller

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