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Thirty years ago, a gallon of gas cost $1.60. Today a gallon ofgas costs $4.80. Suppose that the gas price increase has beenentirely due to

Thirty years ago, a gallon of gas cost $1.60. Today a gallon ofgas costs $4.80. Suppose that the gas price increase has beenentirely due to inflation.A.) Calculate the annual inflation rateB.)Toda 1 answer

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