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Question regarding the value of the house

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Reference no: EM131051132

The price of a house in Year 1 was $50,000. If the price index for Year 1 is 101, and for Year 2 is 202, the value of the house in Year 2 is ________.

A. $100,000

B. $150,000

C. $55,000

D. $75,000

Reference no: EM131051132

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