Table 6-5
This Table Pertains to an Economy with Only

question 4

Multiple Choice

Table 6-5
This table pertains to an economy with only two goods: books and calculators. The fixed basket consists of 5 books and 10 calculators.
$$\begin{array} { | l | c | c } \hline \text { Year } & \text { price of Bouks } & \text { price of Calculators } \\\hline 2011 & \$ 24 & \$ 8 \\\hline 2012 & \$ 30 & \$ 12 \\\hline 2013 & \$ 32 & \$ 15 \\\hline\end{array}$$
-Refer to the Table 6-5.Using 2011 as the base year,what is the inflation rate?

• A)13.3 percent for 2012 and 14.8 percent for 2013
• B)13.3 percent for 2012 and 55.0 percent for 2013
• C)35.0 percent for 2012 and 14.8 percent for 2013
• D)35.0 percent for 2012 and 55.0 percent for 2013

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Definitions:

Organizing Campaigns

Initiatives typically conducted by labor unions to gain representation rights within a workplace or to mobilize workers around specific issues.

Unionization

The process by which employees come together to form a union, a collective organization that negotiates with employers on behalf of its members for better wages, benefits, and working conditions.

Labour Relations Board

A governmental agency that manages disputes and issues related to labor laws and collective bargaining agreements.

Membership Support

Assistance and services provided to members of an organization, club, or online platform, often including access to exclusive resources, helpdesks, and community features.