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Suppose natural gas experiences a 1.8% increase per year in real terms over the foreseeable future. The cost of a 1,000 cubic feet of natural

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Suppose natural gas experiences a 1.8% increase per year in real terms over the foreseeable future. The cost of a 1,000 cubic feet of natural gas is now $7.50 a. What will be the cost in real terms of 1,000 cubic feet of natural gas in 24 years? b If the general price inflation rate eg. the CPI for the next 24 years is expected to average 32% per year, what will a 1,000 cubic feet of natural gas cost in actual dollars 24 years from now

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