Based on the Case in Point Titled "Take Me Out

question 65

Multiple Choice

Based on the Case in Point titled "Take Me Out to the Ball Game ...", suppose the average price of the baseball fan market basket was $121.36 in 1998, compared to $219.53 (for the same basket)
In 2016.Calculate the inflation rate experienced by a typical baseball fan over this period.

• A)16.88%
• B)38.51%
• C)80.89%
• D)71.03%

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