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nflation was 8% during the most recent year and your organization's investment in land rose 12%. If the beginning appraised land value was $1,000,000, what

nflation was 8% during the most recent year and your organization's investment in land

rose 12%. If the beginning appraised land value was $1,000,000, what increase in

specific prices over general price level would be reported, stated in year-end dollars?

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