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A country produces the following goods and services as follows: ITEM Year 1 Year 2 Apples 20,000 @ $0.25 each 30,000 @ $0.30 each Computers
A country produces the following goods and services as follows: ITEM Year 1 Year 2 Apples 20,000 @ $0.25 each 30,000 @ $0.30 each Computers 700 @ $800 each 650 @ $900 each Chocolate bars 10,000 @ $1.00 each 12,000 @ $1.50 each Assume Year 1 is the base year, calculate the following: Using the GDP deflators, the inflation rate % for Year 2 is: 1 113.44% [Note: Your answer should be a percentage number in two decimal places]
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