Assume a Market Basket Includes Ten Boxes of Mac and Cheese

question 64

Multiple Choice

Assume a market basket includes ten boxes of mac and cheese, ten packages of ramen, 5 bottles of soda, and 1 gallon of milk. According to the table shown, what is the change in the price level between the base year and the current year?

• A) 4.9 percent
• B) 5.3 percent
• C) 5.7 percent
• D) 6.1 percent

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