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If the inflation rate is 4% and a consumer's basket of goods costs $300, what wi

Practice Questions

Q1
If the inflation rate is 4% and a consumer's basket of goods costs $300, what will be the cost of the basket after one year?
  1. $312
  2. $315
  3. $300
  4. $310

Questions & Step-by-Step Solutions

If the inflation rate is 4% and a consumer's basket of goods costs $300, what will be the cost of the basket after one year?
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