Assume a market basket includes ten boxes of mac and cheese, ten packages of ramen, 5 bottles of soda, and 1 gallon of milk. 
According to the table shown, what is the change in the price level between the base year and the current year?
A) 11 percent
B) 12 percent
C) 13 percent
D) 14 percent
Correct Answer:
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Q1: Economists create a market basket to:
A) understand
Q3: Which of the following statements characterizes the
Q4: A dollar's value changes:
A) over time and
Q5: Assume a market basket includes three avocados,
Q6: Which of the following goods is least
Q7: The most commonly used index to track
Q8: Assume a market basket includes ten boxes
Q9: Goods in the market basket:
A) are held
Q10: A price index:
A) measures how much the
Q11: Assume a market basket includes three avocados,
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