Consider the Following Data That Gives the Quantity Produced and Unit

question 59

Multiple Choice

Consider the following data that gives the quantity produced and unit price for three different goods across two different years to answer the following questions. Assume that the base year is 2012.
-What was the rate of inflation between the two years?

• A) 19.44 percent
• B) 8.57 percent
• C) 6.67 percent
• D) 2.38 percent
• E) 16.67 percent

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