If a Market Basket Was Defined in 2014 and It

question 46

Multiple Choice

If a market basket was defined in 2014 and it cost $10,000 to purchase the items in that basket in 2014, while it cost $11,000 to purchase those identical goods in 2015, then the inflation rate from 2013 to 2014 is

• A)(100-100)/100*100%=0%.
• B)(100-90.9)/100*100%=9.1%.
• C)(110-100)/100*100%=10%.
• D)unknown given this data.

---

Definitions:

Equality

The idea that everyone gets the same amount, regardless of what he or she contributes.

Prosocial Behavior

Actions intended to benefit others, including helping, sharing, and comforting.

Antisocial Behavior

Behavior that either damages interpersonal relationships or is culturally undesirable

Rule Of Law

A principle that governs a society where laws are publicly promulgated, equally enforced, and independently adjudicated, and are consistent with international human rights principles.