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15-09-2019
Mathematics

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Suppose the current price of gasoline is 2.63 per gallon. Find the current price index number using the 1975 price of 56.7 cents as a reference value

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16-09-2019

Answer:

463.8

Step-by-step explanation:

The price index is 100 times the ratio of prices:

index = 2.63/.567 × 100 = 463.8

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