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Scenario 24-5 TOPICS

Question 96

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Scenario 24-5
TOPICS:
Price levels
Inflation
KEYWORDS:
BLOOM'S: Application
CUSTOM ID:
012.24 - SAE - MANK08
Scenario 24-6
A small economy produced and consumed goods X and Y in 2010 and 2011 in the amounts shown in the table below. Assume that the market basket for the CPI is defined in the base year. Scenario 24-5 TOPICS: Price levels Inflation KEYWORDS: BLOOM'S: Application CUSTOM ID: 012.24 - SAE - MANK08 Scenario 24-6 A small economy produced and consumed goods X and Y in 2010 and 2011 in the amounts shown in the table below. Assume that the market basket for the CPI is defined in the base year.   -Refer to Scenario 24-6. Using 2011 as the base year, what is the inflation rate in 2011?
-Refer to Scenario 24-6. Using 2011 as the base year, what is the inflation rate in 2011?

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