On July 25, 2011, the average price of a gallon of gasoline was $3.70. Just five years
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On July 25, 2011, the average price of a gallon of gasoline was $3.70. Just five years later the price of that same gallon of gas was $2.14. What was the rate of inflation (deflation) in the price of a gallon of gas over the period?
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A gallon of gas cost 370 on 7252011 and 214 five years later What w...View the full answer
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Related Book For 
Financial Management Principles and Applications
ISBN: 978-0134417219
13th edition
Authors: Sheridan Titman, Arthur J. Keown, John H. Martin
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