Refer to Table 8

question 61

Multiple Choice

$$\begin{array}{l}\begin{array} { | c | c | } \hline \text { Good } & \begin{array} { c } \text { Price Increase since } \\\text { Last Year }\end{array} \\\hline \text { Amusement park tickets } & 5.0 \% \\\hline \text { Bowling balls } & 4.2 \% \\\hline \text { Camouflage neckties } & 3.1 \% \\\hline\end{array}\\\text { Table } 8.1\end{array}$$ Refer to Table 8.1,which gives hypothetical data on price changes for three goods.At which of the following overall rates of inflation would it be true that bowling balls became relatively cheaper?

• A) 4.5%.
• B) 4.2%.
• C) 3.5%.
• D) -1.5%.

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Definitions:

Rate of Return

The percentage gain or loss on an investment over a specified period.

Investor

An individual or entity that allocates money into a financial venture with the expectation of receiving future financial returns.

Contract Value

The total worth or financial commitment of a contract, encompassing all terms, services, or products agreed upon.

Earn

To receive money or another form of payment in exchange for services provided or through investment.