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A TV set cost $600 in 2009. In 2013, it was priced at $520. What are the TV's nominal value,real value and the inflation rate
A TV set cost $600 in 2009. In 2013, it was priced at $520. What are the TV's nominal value,real value and the inflation rate as of 2013 assuming 2009 as the base year? Nominal = 520, deflation rate = 3.51%
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