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Using year 2002 as the base year, calculate the price index for each year. After use year 2000. What is the difference? Year Price 2000

Using year 2002 as the base year, calculate the price index for each year. After use year 2000. What is the difference?

Year

Price

2000

$166

2001

$200

2002

$240

2003

$264

2004

$280

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