Table 16-6.The table below applies to an economy with only two goods - hamburgers and hot dogs.The fixed basket consists of 4 hamburgers and 8 hot dogs.
-Refer to Table 16-6.If the base year is 2009,then the economy's inflation rate is
A) 10 percent in 2010 and 6.36 percent in 2011.
B) 10 percent in 2010 and 17 percent in 2011.
C) 9.2 percent in 2010 and 6 percent in 2011.
D) 8.22 percent in 2010 and 5 percent in 2011.
Correct Answer:
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