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A farmer produces the same output in 2012 as in 2011. His input prices increase by 3 percent and so does his product price. Which

A farmer produces the same output in 2012 as in 2011. His input prices increase by 3 percent and so does his product price. Which inflation rate makes the farmer as well off in 2012 as in 2011?

1% , 2%, 3%, 6%

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