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3. Forty years ago, gum cost five cents a pack. Today it costs 99 cents a pack. Assume that the increase in the price of

3. Forty years ago, gum cost five cents a pack. Today it costs 99 cents a pack. Assume that the increase in the price of gum is completely reated to infation and not to other factors. At what rate has infation increased over the hst 40 years

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