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Economics - Financial Markets
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OpenStudy (kj4uts):
In 1999 the cost of a pack of gum was $1.00. That same pack of gum is now $2.00. In 1999 the cost of a college textbook was $100.00. That same textbook is now $101.00.Use these two products as an example to explain why it is important to calculate percentages instead of absolute numbers when discussing inflation rates.
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