Inflation was 8 percent during the most recent year and your organization’s investment in land rose 12 percent. If the beginning appraised land value was $1,000,000, what increase in specific prices over general price level would be reported, stated in year-end dollars?
A.$20,000
B.$40,000
C.$43,200
D.None of the above
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Inflation was 8 percent during the most recent year and your organization’s investment in land rose 12 percent. was first posted on May 14, 2022 at 1:35 am.
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