Table 24-6
The table below pertains to Napandsnack, an economy in which the typical consumer's basket consists of 2 pillows and 15 hotdogs.
-Refer to Table 24-6. If the base year is 2010, then the economy's inflation rate in 2010 was

Question

Table 24-6
The table below pertains to Napandsnack, an economy in which the typical consumer's basket consists of 2 pillows and 15 hotdogs. 
-Refer to Table 24-6. If the base year is 2010, then the economy's inflation rate in 2010 was

Quizplus · Accepted Answer

The inflation rate in the base year is always 0% because the Consumer Price Index (CPI) in the base year is used as the reference point, and there is no change in price level compared to itself.

Table 24-6 The Table Below Pertains to Napandsnack, an Economy in Which