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:

Blanket Statement

A generalization that is broad and overlooks exceptions or variability.

Fallacy

A mistake in logic that makes an argument incorrect or deceptive.

Accident

The fallacy of applying a generalization to a special case in disregard of qualities or circumstances that make it an exception to the generalization.

General

Relating to or involving all or most people, things, or places, especially without specifying details.