(Table) the Associated Table Provides a Hypothetical Bundle of Goods

question 45

Multiple Choice

(Table) The associated table provides a hypothetical bundle of goods. If 2014 is selected as the base year, the economy is experiencing _____ in 2017. $$\begin{array} { | l | c | c | c | c | c | c | } \hline \text { Product } & \mathbf { Q } _ { 2010 } & \mathbf { Q } _ { 2014 } & \mathbf { Q } _ { 2017 } & \mathbf { P } _ { 2010 } & \mathbf { P } _ { 2014 } & \mathbf { P } _ { 2017 } \\\hline \text { Apples (5-lb. bag) } & 10 & 11 & 12 & \$ 3.00 & \$ 4.00 & \$ 4.25 \\\hline \text { Coffee beans (1-lb. bag) } & 50 & 50 & 55 & \$ 8.00 & \$ 9.00 & \$ 10.00 \\\hline \text { Cereal (28-oz. box) } & 20 & 25 & 29 & \$ 3.50 & \$ 3.75 & \$ 3.75 \\\hline\end{array}$$

• A) inflation
• B) disinflation
• C) deflation
• D) hyperinflation

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Definitions:

Dual-Career Spouse

A situation where both spouses or partners have careers and work outside the home, often leading to challenges in balancing work and family life.

Stay-at-Home Dads

Fathers who choose to stay home to care for their family and manage household duties instead of working outside the home.

Breadwinner

A person who earns money to support their family, typically the sole or primary earner in a household.

Discretionary Income

Money remaining after the costs of basic necessities have been paid.