In 2004 the price of one kilogram of chicken in Canada was $5.44 and in 2020 it was $7.41. If the CPI (2002=100) increased from 104.7 to 137.0 over this period, the real percentage change in price was Select one: O A 36.21% B. 8.23% Oc. 6.45% OD. 4.10%

In 2004 the price of one kilogram of chicken in Canada was $5.44 and in 2020 it was $7.41. If the CPI (2002=100) increased from 104.7 to 137.0 over this period, the real percentage change in price was Select one: O A 36.21% B. 8.23% Oc. 6.45% OD. 4.10%

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter7: Unemployment And Inflation

Section: Chapter Questions

Problem 7E

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Comparative Advantage and Absolute Advantage Analysis

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In 2004 the price of one kilogram of chicken in Canada was $5.44 and in 2020 it was $7.41. If the CPI
(2002=100) increased from 104.7 to 137.0 over this period, the real percentage change in price was
Select one:
O A
36.21%
OB.
8.23%
6.45%
OD.
4.10%

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