2019 and in 2020, consumers in Dexter consumed only books and pens. The prices and quantities for 2019 and 2020 are listed in the table. The reference base period for Dexter's CPI is 2019, and 2019 is also the year of the Consumer Expenditure Survey. Calculate the inflation rate in 2020. The inflation rate in 2020 is OA. 169.2 OB. 69.2 OC. 88.0 OD. 1.4 percent Item Books Pens 2019 1₁ Price Quantity $8 $4 3 7 2020 Price Quantity $6 $10 .. 9 8

2019 and in 2020, consumers in Dexter consumed only books and pens. The prices and quantities for 2019 and 2020 are listed in the table. The reference base period for Dexter's CPI is 2019, and 2019 is also the year of the Consumer Expenditure Survey. Calculate the inflation rate in 2020. The inflation rate in 2020 is OA. 169.2 OB. 69.2 OC. 88.0 OD. 1.4 percent Item Books Pens 2019 1₁ Price Quantity $8 $4 3 7 2020 Price Quantity $6 $10 .. 9 8

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter7: Unemployment And Inflation

Section: Chapter Questions

Problem 7E

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