Table 11-4
The table below pertains to Wrexington, an economy in which the typical consumer's basket consists of 20 pounds of meat and 10 toys.
-Refer to Table 11-4. If the base year is 2006, then the inflation rate in 2005 was
A) -44.5%.
B) -30.8%.
C) 7.7%.
D) 12.5%.
Correct Answer:
Verified
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