Consider a simple economy that produces only three products: hot dogs, torches and golf balls. Use the information in the following table to calculate the inflation rate for 2017, as measured by the consumer price index.
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Definitions:
Politicking
The act of engaging in political maneuvering or strategy, often within an organization, to gain advantage or influence.
Competitive Organizations
Entities that strive to outperform others in their industry in terms of sales, product quality, customer service, etc.
Complex
Composed of many interconnected parts, resulting in a system or entity that is complicated and difficult to understand in full detail.
Playing Field
A metaphor for the environment or situation in which a set of activities, especially competitive ones, take place, emphasizing on equal opportunities and fairness.
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