If a Market Basket Was Defined in 2014 and It

question 27

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 $12,000 to purchase those identical goods in 2015, then the inflation rate from 2006 to 2007 is

• A)(100-100)/100*100%=0%.
• B)(100-83.3)/100*100%=16.7%.
• C)(120-100)/100*100%=20%.
• D)unknown given this data

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