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The nominal price (per gallon) of gas for each year is shown in the timeline below. What is the real price of gas in year
The nominal price (per gallon) of gas for each year is shown in the timeline below. What is the real price of gas in year 2019 (as seen from year 2017). Calculate your answer to the nearest penny (e.g., 3.81) Year 2017 2018 2019 2020 Nominal Price $2.34 $2.41 $2.43 $2.48 Price Level 121 125 130 138 Price Adjustment Real Price
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