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3 Nov 2021
Introduction
Inflation is measured as the rate at which prices rise over time. Inflation is generally defined as a wide measurement of price increases or increases in the cost of living in a country.
Table 22.4 shows the fruit prices that the typical college student purchased from 2001 to 2004.
To find the Amount spent each year on the “basket” of fruit with the quantities shown in the column.
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