Table 24-2 -Refer to Table 24-2.Suppose the Basket of Goods in the of Goods

Table 24-2

-Refer to Table 24-2.Suppose the basket of goods in the CPI consisted of 3 units of pork and 4 units of corn.What is the inflation rate for 2006 if the base year is 2005?

A) 21.33 percent
B) 25.00 percent
C) 28.89 percent
D) 36.11 percent