Explain have stamp prices kept pace with inflation rate, Microeconomics

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Explain have stamp prices kept pace with inflation rate

The price of a first class stamp is .42 cents in 2009. The price of the same first class stamp in 1975 was .13 cents. The price index in 1975 was 75 and price index in 2009 will be 218. After adjusting for inflation, how much more expensive is the stamp in 2009 than the stamp in 1975? Have stamp prices kept pace with the inflation rate from 1975 to 2009? show your work.

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Microeconomics: Explain have stamp prices kept pace with inflation rate

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Microeconomics: Explain have stamp prices kept pace with inflation rate

Reference No:- TGS0515503

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

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Ask an Expert for Answer!!

Microeconomics: Explain have stamp prices kept pace with inflation rate

Reference No:- TGS0515503

Recent Questions Asked Microeconomics

Q : Inventory errors-periodic

Q : What is the current price

Q : Periodic versus perpetual entries

Q : Characteristics of chaebols for both local-global economy

Q : Explain have stamp prices kept pace with inflation rate

Q : Level of revenue

Q : Write down the problems with unemployment

Q : The major impediments to quality health services

Q : Who the primary competitors

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