The country described in the table below produces and consumes only three goods: energy drinks, pizza, and t-shirts. The quantity produced and price of each good in 2016 and 2017 are provided.

-Refer to the above table.Assuming that 2016 is the base year,by what percentage did prices change between 2016 and 2017?
A) Prices rose by 11 percent.
B) Prices rose by 15 percent.
C) Prices fell by 5 percent.
D) Prices fell by 9 percent.

Question

The country described in the table below produces and consumes only three goods: energy drinks, pizza, and t-shirts. The quantity produced and price of each good in 2016 and 2017 are provided.
 
-Refer to the above table.Assuming that 2016 is the base year,by what percentage did prices change between 2016 and 2017?
A) Prices rose by 11 percent. 
B) Prices rose by 15 percent. 
C) Prices fell by 5 percent. 
D) Prices fell by 9 percent.

Quizplus · Accepted Answer

To calculate the percentage change in prices from the base year (2016) to 2017, you use the formula: [(Price in 2017 - Price in 2016) / Price in 2016] * 100. Without the specific numbers from the table, the correct answer cannot be determined through calculation here. However, based on the options provided, if the correct answer is that prices rose by 11 percent, it means the calculation would result in an 11% increase from 2016 to 2017.

The Country Described in the Table Below Produces and Consumes