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The inflation rate is calculated by comparing the percentage change in the If the base year is 1970 and the 2016 price index is

 

The inflation rate is calculated by comparing the percentage change in the If the base year is 1970 and the 2016 price index is 135, purchases of $5,500 of goods in the base year would cost $ for the same goods in 2016. (Round your response to the nearest whole number)

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