Scenario 24-3
A small economy produced and consumed goods X and Y in 2010 and 2011 in the amounts shown in the table below. Assume that the market basket for the CPI is defined in the base year.

-Refer to Scenario 24-3. Using 2011 as the base year, what is the inflation rate in 2011?

Question

Scenario 24-3
A small economy produced and consumed goods X and Y in 2010 and 2011 in the amounts shown in the table below. Assume that the market basket for the CPI is defined in the base year.
 
-Refer to Scenario 24-3. Using 2011 as the base year, what is the inflation rate in 2011?

Quizplus · Accepted Answer

The Answer of Scenario 24-3
A small economy produced and consumed goods X and Y in 2010 and 2011 in the amounts shown in the table below. Assume that the market basket for the CPI is defined in the base year.
 
-Refer to Scenario 24-3. Using 2011 as the base year, what is the inflation rate in 2011?

Scenario 24-3 A Small Economy Produced and Consumed Goods X and Y