19 and in 2020, consumers in Dexter purchased only books and pens. 2019 2020 prices and quantities for 2019 and 2020 are listed in the table, Price Quantity Price Quantity Item e reference base period for Dexter's CPI is 2019, and 2019 is also the year of the Consumer Expenditure Survey. Books $4 6 $10 10 Pens $6 $4 10 hat is the inflation rate in 2020? The inflation rate in 2020 is percent. O A. 148.1 O B. 2.1 O C. 80.0 O D. 48.1
19 and in 2020, consumers in Dexter purchased only books and pens. 2019 2020 prices and quantities for 2019 and 2020 are listed in the table, Price Quantity Price Quantity Item e reference base period for Dexter's CPI is 2019, and 2019 is also the year of the Consumer Expenditure Survey. Books $4 6 $10 10 Pens $6 $4 10 hat is the inflation rate in 2020? The inflation rate in 2020 is percent. O A. 148.1 O B. 2.1 O C. 80.0 O D. 48.1
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter16: Measuring The Cost Of Living
Section: Chapter Questions
Problem 4QR
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![In 2019 and in 2020, consumers in Dexter purchased only books and pens.
2019
2020
The prices and quantities for 2019 and 2020 are listed in the table.
Item
Price
Quantity
Price
Quantity
Books
$4
6.
$10
10
The reference base period for Dexter's CPI is 2019, and 2019 is also the year of the Consumer Expenditure Survey.
Pens
$6
$4
10
What is the inflation rate in 2020?
The inflation rate in 2020 is
percent.
O A. 148.1
Ов. 2.1
OC. 80.0
D. 48.1
Click to select your answer.
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Transcribed Image Text:In 2019 and in 2020, consumers in Dexter purchased only books and pens.
2019
2020
The prices and quantities for 2019 and 2020 are listed in the table.
Item
Price
Quantity
Price
Quantity
Books
$4
6.
$10
10
The reference base period for Dexter's CPI is 2019, and 2019 is also the year of the Consumer Expenditure Survey.
Pens
$6
$4
10
What is the inflation rate in 2020?
The inflation rate in 2020 is
percent.
O A. 148.1
Ов. 2.1
OC. 80.0
D. 48.1
Click to select your answer.
MacBook Air
DII
DD
F12
F11
F10
F9
F8
20
F6
F7
F5
F4
F3
esc
F1
F2
!
@
23
$
7
8
2
3
4
5
1
{
P
E
R
T
Y
Q
W
%3D
tab
L
F
G H
S
+ II
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