Table 11-6 -Refer to Table 11-6

question 405

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. If the base year is 2010, then the economy's inflation rate in 2010 is

• A)8 percent.
• B)10 percent.
• C)10.91 percent.
• D)11.11 percent.

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Definitions:

Describe

To provide a detailed account or explanation about something in words.

Briefly

In a short, concise manner or period.

Publicity

The attention that a person, product, or company receives from the media and the public, often achieved through marketing or promotional efforts.

Promotional Mix

The blend of different marketing strategies such as advertising, sales promotion, public relations, personal selling, and direct marketing used to achieve business goals and communicate with the target audience.