The following table lists the basket of goods in the
Consumer Price Index for the nation of Astro (Assume 2014 is the base year.)
Table 12.2
-Using the information in Table 12.2, the percent increase in prices over the two year period from 2014 to 2016 is approximately
A) 26 percent.
B) 31 percent.
C) 38 percent.
D) 98 percent.

Question

The following table lists the basket of goods in the
Consumer Price Index for the nation of Astro (Assume 2014 is the base year.)
  Table 12.2
-Using the information in Table 12.2, the percent increase in prices over the two year period from 2014 to 2016 is approximately
A) 26 percent. 
B) 31 percent. 
C) 38 percent. 
D) 98 percent.

Quizplus · Accepted Answer

The percent increase in prices is calculated using the formula: [(New Price - Old Price) / Old Price] * 100. Without the specific values from Table 12.2, we assume the correct answer is based on the given options and typical calculations.

The Following Table Lists the Basket of Goods in the