Table 24-3 The Table Below Pertains to Iowan, an Economy in Which

question 108

Multiple Choice

Table 24-3
The table below pertains to Iowan, an economy in which the typical consumer's basket consists of 4 pounds of pork and 3 bushels of corn.
-Refer to Table 24-3. If 2012 is the base year, then the inflation rate in 2013 was

• A)24.7 percent.
• B)54.0 percent.
• C)32.8 percent.
• D)38.0 percent.

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