Table 11-3
the Table Below Pertains to Studious, an Economy

question 432

Multiple Choice

Table 11-3
The table below pertains to Studious, an economy in which the typical consumer's basket consists of 5 books and 10 calculators. $$\begin{array} { | c | c | c | } \hline \text { Year } & \begin{array} { c } \text { Price of a } \\\text { Buak }\end{array} & \begin{array} { c } \text { Price of a } \\\text { Calculator }\end{array} \\\hline 2006 & \$ 24 & \$ 8 \\\hline 2007 & \$ 30 & \$ 12 \\\hline 2008 & \$ 32 & \$ 15 \\\hline\end{array}$$
-Refer to Table 11-3. The inflation rate was

• A)22.6 percent in 2007 and 12.9 percent in 2008.
• B)25.9 percent in 2007 and 14.8 percent in 2008.
• C)35 percent in 2007 and 14.8 percent in 2008.
• D)35 percent in 2007 and 20 percent in 2008.

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Definitions:

Population Increase

This describes the growth in the number of individuals within a population, often influenced by factors such as birth rates, death rates, and migration.

Population Decrease

A reduction in the number of people in a population due to factors like death rates exceeding birth rates, emigration, or other causes.

World's Overall Population

The total number of humans currently living on Earth.

Total Fertility Rate

The average number of children a woman would have over her lifetime, given current birth rates.