-Using Table 6.1, from the 1982-1984 base to 2003, prices increased

Name: -Using Table 6.1, from the 1982-1984 base to 2003, prices increased
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Question

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The correct interpretation of a price increase from a base period to a specific year, such as from 1982-1984 to 2003, when stated as 84.3%, means that prices increased by 84.3% over that period, not by a factor of 84.3 times, not by a specific dollar amount, and not by 184.3%.