Table 6-4 The Table Below Pertains to Wrexington, an Economy in Which

question 175

Multiple Choice

Table 6-4
The table below pertains to Wrexington, an economy in which the typical consumer's basket consists of 20 pounds of meat and 10 toys.

-Refer to Table 6-4. If the base year is 2004, then the inflation rate in 2006 was

• A) 44.4%.
• B) 50%.
• C) 62.5%.
• D) 80%.

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