Table 6-4
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 6-4. If the base year is 2004, then the inflation rate in 2006 was
A) 44.4%.
B) 50%.
C) 62.5%.
D) 80%.
Correct Answer:
Verified
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