Use the Following to Answer Questions

question 123

Multiple Choice

Use the following to answer questions :
Table: Peanut Butter and Jelly

-(Table: Peanut Butter and Jelly) Look at the table Peanut Butter and Jelly. Suppose a market basket consists of 20 jars of peanut butter and 10 jars of jelly. If 2012 is the base year, what is the rate of inflation between 2012 and 2013?

• A)4.5%
• B)11.25%
• C)22.5%
• D)44.5%

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Definitions:

Include Tax

Include tax means that the price or sum of money mentioned already has the tax amount included in it, not requiring additional payment for tax.

One Hundred Dollar Bill

A denomination of U.S. currency featuring the likeness of Benjamin Franklin, commonly used in large transactions.

Pencils

A common tool used for writing or drawing, typically made of a narrow, solid pigment core encased in a protective casing.

Tickets

Documents or electronic vouchers that grant the holder the right to enter an event, travel on a vehicle, or participate in a lottery.