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Table 11-4
the Table Below Pertains to Wrexington, an Economy

question 278

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Table 11-4
The table below pertains to Wrexington, an economy in which the typical consumer's basket consists of 20 pounds of meat and 10 toys.  Year  Price of  Meat  Price of a  Tryy 2004$3 per pound $22005$1 per pound $72006$4 per pound $5\begin{array} { | c | c | c } \text { Year } & \begin{array} { c } \text { Price of } \\\text { Meat }\end{array} & \begin{array} { c } \text { Price of a } \\\text { Tryy }\end{array} \\\hline 2004 & \$ 3 \text { per pound } & \$ 2 \\\hline 2005 & \$ 1 \text { per pound } & \$ 7 \\\hline 2006 & \$ 4 \text { per pound } & \$ 5 \\\hline\end{array}
-Refer to Table 11-4. If the base year is 2006, then the inflation rate in 2005 was


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