Table 24-6 The Table Below Pertains to Napandsnack, an Economy in Which

question 466

Multiple Choice

Table 24-6
The table below pertains to Napandsnack, an economy in which the typical consumer's basket consists of 2 pillows and 15 hotdogs.
-Refer to Table 24-6. If the base year is 2009, then the economy's inflation rate in 2010 is

• A)20 percent.
• B)25 percent.
• C)30 percent.
• D)120 percent.

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Definitions:

Economic Policies

Strategies and actions that governments or economic organizations employ to influence the economy of a city, region, or country.

Fluctuated

To vary irregularly; to rise and fall unpredictably or to go through a series of changes in level, intensity, or value.

Sharecropping

A system of agriculture in which a landowner allows a tenant to use the land in return for a share of the crops produced on their portion of land.

Gang Labor

A system of labor, often used on plantations, where enslaved people were grouped into units or gangs for work, typically in agriculture.