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Consider the following table showing the price and quantity of three items from a person's basket of goods: Items Quantity 2015 Price 2016 Price 2017
Consider the following table showing the price and quantity of three items from a person's basket of goods: Items Quantity 2015 Price 2016 Price 2017 Price Item 1 5 $32 $34 $40 Item 2 1 $110 $120 $142 Item 3 20 $9 $14 $17 Assume that 2016 is a base year. Which statement is true? Select the best answer. Answer Keyboard S The index number had a value of around eighty in 2015. The index number had a value of eighty-three in 2017. The inflation rate increased by seven percentage points ina2017.compared to 2016
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