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Consider the following information relating to the 20 -year time period from 1940 to 1959 (inclusive): A representative basket of goods cost $10 at the

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Consider the following information relating to the 20 -year time period from 1940 to 1959 (inclusive): A representative basket of goods cost $10 at the start of the first year and $15 by the end of the final year. Which of the following is closest to the average annual geometric inflation rate? 5.65\% 4.47% 2.50% 2.05%

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