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:

Exporting

The process of selling and shipping goods or services from one country to another.

Wealth Gap

The uneven distribution of assets among residents of a particular country or the world, leading to significant disparities in wealth and economic status.

Misallocating

The improper or inefficient distribution or use of resources, often leading to suboptimal outcomes.

Multinational Corporations

Large companies that operate, produce, or sell goods and services in multiple countries beyond their home country.