Table 11-1
the Table Below Pertains to Pieway, an Economy

question 23

Multiple Choice

Table 11-1
The table below pertains to Pieway, an economy in which the typical consumer's basket consists of 10 bushels of peaches and 15 bushels of pecans. $$\begin{array} { | c | c | c | } \hline \text { Year } & \begin{array} { c } \text { Price of } \\\text { Peaches }\end{array} & \begin{array} { c } \text { Price of } \\\text { Pecans }\end{array} \\\hline 2005 & \$ 11 \text { per bushd } & \$ 6 \text { per bushel } \\\hline 2006 & \$ 9 \text { per bushed } & \$ 10 \text { per bushe } \\\hline\end{array}$$
-Refer to Table 11-1. If 2006 is the base year, then the inflation rate in 2006 was

• A)16.7 percent.
• B)20 percent.
• C)40 percent.
• D)44.1 percent.

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