Table 11-6 -Refer to Table 11-6

question 318

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 2009, then the economy's inflation rate is

• A)10 percent in 2010 and 6.36 percent in 2011.
• B)10 percent in 2010 and 17 percent in 2011.
• C)9.2 percent in 2010 and 6 percent in 2011.
• D)8.22 percent in 2010 and 5 percent in 2011.

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Definitions:

Plaintiff

The party who initiates a lawsuit by filing a complaint with the court.

Damages

A monetary compensation awarded by a court to a person who has suffered loss or harm due to the unlawful act or negligence of another party.

Garnishment

A legal process whereby a creditor obtains a court order to redirect a portion of an individual's earnings to satisfy a debt.

Class Action

An action brought on behalf of the plaintiff and others similarly situated.