Table 11-6 -Refer to Table 11-6

question 422

Multiple Choice

Table 11-6. 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. $$\begin{array} { l c c } \hline \text { Year } & \text { Priee of hamburegers } & \text { Prife of hat doges } \\\hline 2009 & \$ 5.00 & \$ 3.00 \\2010 & 5.50 & 3.30 \\2011 & 5.61 & 3.63 \\\hline\end{array}$$
-Refer to Table 11-6. Between 2009 and 2011, the cost of living increased by

• A)6 percent.
• B)19 percent.
• C)14 percent.
• D)17 percent.

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Definitions:

APA Guidelines

A set of rules and standards for writing and formatting documents in psychology and related fields, established by the American Psychological Association.

Figure Creation

The process of designing and producing visual representations of data or concepts, often for analysis or presentation purposes.

X and Y Axes

The horizontal (X-axis) and vertical (Y-axis) lines on a graph that form the framework for plotting data points.

Variability

The degree to which data points in a statistical distribution or dataset differ from each other.