Table 24-7. 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 24-7. If the base year is 2009, then the economy's inflation rate in 2010 is
A)8 percent.
B)10 percent.
C)10.91 percent.
D)11.11 percent.

Question

Table 24-7. 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 24-7. If the base year is 2009, then the economy's inflation rate in 2010 is
A)8 percent. 
B)10 percent. 
C)10.91 percent. 
D)11.11 percent.

Quizplus · Accepted Answer

The Answer of Table 24-7. 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 24-7. If the base year is 2009, then the economy's inflation rate in 2010 is
A)8 percent. 
B)10 percent. 
C)10.91 percent. 
D)11.11 percent.