Multiple Choice
Table 6-3
In the country of Shem, the CPI is calculated using a market basket consisting of 5 apples, 4 loaves of bread, 3 robes, and 2 litres of gasoline. The per-unit prices of these goods have been as follows:
-Refer to the Table 6-3.What was the inflation rate,as measured by the CPI,between 2012 and 2013?
A) 40 percent
B) 55 percent
C) 77 percent
D) 140 percent
Correct Answer:
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