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.
-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.
Correct Answer:
Verified
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