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Exhibit 19-3.Consider the following information about the price and the price index of a popular book over three years. Refer to Exhibit 19-3.If the price index in 2011 was 95 instead of 111.11,it would imply that:
Increase
A rise or growth in numbers, value, or amount.
Population
The total number of people inhabiting a particular area or country.
Percent Higher
A measure or calculation showing how much one value is increased compared to another, expressed as a percentage.
Stock
Equity investments representing ownership in a corporation, giving holders a claim on part of the company's assets and earnings.
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