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Refer to Exhibit 6-1. Prices rose by __________ percent from Year 2 to Year 3.
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- Refer to Exhibit 6-2. How many persons are not in the labor force in year 1?
- Trade between individuals and between nations leads to:
- -medium of exchange (generally accepted by all parties as payment, and considered as both money and commodity)-unit of account (used to value goods and services)-store of value (can be saved and exchanged)