Price per Unit inUnits Purchased 20082009 2010Good A 5$1.00$41.50 $1.50Good B 10$2.00$2.50 $3.00Good C 4$4.00%24.50 $5.00If 2009 is the base year, the inflation rate between 2009 and 2010 isSelect one:Oa.9.4%b.-13.9%12.2%Dd.7.0%

The sustained rise in the price level is known as inflation. Price index is used to measure the…

Price per Unit in Units Purchased 2008 2009 2010 Good A 5 $1.00 $1.50 $1.50 Good B 10 $2.00 $2.50 $3.00 Good C 4 $4.00 $4.50 $5.00 If 2009 is the base year, the inflation rate between 2009 and 2010 is Select one: O a. 9.4% O b. 13.9% O c. 12.2% 7.0%

Price per Unit in Units Purchased 2008 2009 2010 Good A 5 $1.00 $1.50 $1.50 Good B 10 $2.00 $2.50 $3.00 Good C 4 $4.00 $4.50 $5.00 If 2009 is the base year, the inflation rate between 2009 and 2010 is Select one: O a. 9.4% O b. 13.9% O c. 12.2% 7.0%

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Price per Unit in
Units Purchased 2008
2009 2010
Good A 5
$1.00
$41.50 $1.50
Good B 10
$2.00
$2.50 $3.00
Good C 4
$4.00
%24.50 $5.00
If 2009 is the base year, the inflation rate between 2009 and 2010 is
Select one:
Oa.9.4%
b.-13.9%
12.2%
Dd.7.0%

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