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jr3811 jr3811
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A month ago
Scenario: Bookland is a country that produces only books. In 1990, Bookland produced 10,000 books at a market price of $10 each. In 1991, Bookland produced 11,000 books at a market price of $12 each.


Refer to the scenario above. The rate of inflation in Bookland from 1990 to 1991 was closest to ________.

▸ 20 percent

▸ 40 percent

▸ 30 percent

▸ 10 percent
Textbook 

Macroeconomics


Edition: 3rd
Authors:
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ugotpwned5ugotpwned5
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A month ago
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20 percent

1

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