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Suppose you are told that the real value (or base-year value) of $900 received today is $1100. What does this mean? Choose the best option.

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Suppose you are told that the real value (or base-year value) of $900 received today is $1100. What does this mean? Choose the best option. a. you need $1100 today to buy the base-year market basket. O b. You need $900 today to buy what $1100 bought in the base year. O c. You need $900 today to buy the base-year market basket. O d. You need $1100 today to buy what $900 bought in the base year

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