Table 24-3
The following table lists the per gallon prices of gas and milk for the months of September, October, and November. Assume that the typical consumer buys 30 gallons of gas and 15 gallons of milk each month, and that September is the base period.
-Refer to Table 24-3. What is the inflation rate for October?
A) 6.86%
B) 8.19%
C) 7.12%
D) -7.66%
Correct Answer:
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