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Table 11-3
the Table Below Pertains to Studious, an Economy

Question 90

Multiple Choice

Table 11-3
The table below pertains to Studious, an economy in which the typical consumer's basket consists of 5 books and 10 calculators.  Year  Price of a  Buak  Price of a  Calculator 2006$24$82007$30$122008$32$15\begin{array} { | c | c | c | } \hline \text { Year } & \begin{array} { c } \text { Price of a } \\\text { Buak }\end{array} & \begin{array} { c } \text { Price of a } \\\text { Calculator }\end{array} \\\hline 2006 & \$ 24 & \$ 8 \\\hline 2007 & \$ 30 & \$ 12 \\\hline 2008 & \$ 32 & \$ 15 \\\hline\end{array}
-Refer to Table 11-3. The inflation rate was


A) 22.6 percent in 2007 and 12.9 percent in 2008.
B) 25.9 percent in 2007 and 14.8 percent in 2008.
C) 35 percent in 2007 and 14.8 percent in 2008.
D) 35 percent in 2007 and 20 percent in 2008.

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