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:

Civil Remedy

Legal means through which a court enforces a right, imposes a penalty, or makes another court order to impose its will.

Legal Drinking Age

The minimum age at which an individual is legally allowed to purchase and consume alcoholic beverages, which varies by jurisdiction.

Federal Funds

Central bank balances held by banks at the Federal Reserve which are available for lending to other banks overnight to meet reserve requirements.

State Highways

Roads managed by state governments, forming part of a state's transportation network, often connecting cities and towns.