If a set basket of goods costs $6,000 in the current year and $5,000 in the base

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If a set basket of goods costs $6,000 in the current year and $5,000 in the base year, how much have prices risen since the base year?

a) 20%

b) 83%

c) 120%

d) 183%

Related Book For answer-question

Economics

ISBN: 978-1285738321

12th edition

Authors: Roger A. Arnold

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Posted Date: Mar 06, 2019 09:00 AM

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If a set basket of goods costs $6,000 in the current year and $5,000 in the base

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Rate of increase in pric... View the full answer

Economics

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