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28 February, 06:14

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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  1. 28 February, 06:33
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    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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