The country of Old Jersey produces milk and butter, and it has published the following macroeconomic data, where quantities are in gallons and prices are dollars per gallon:
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Between 2000 and 2001, the percent change in the price level as measured by a variable-weight price index was
A) 60.00%.
B) 81.25%.
C) 83.33%.
D) 123.08%.
Correct Answer:
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