Refer to the same table, if Year 1 is the base year, then the inflation rate for Year 2 was a. 23.5 percent b. 1.04 percent c. 10 percent d. 4.4 percent

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Refer to the same table, if Year 1 is the base year, then the inflation rate for Year 2 was

a. 23.5 percent

b. 1.04 percent

c. 10 percent

d. 4.4 percent

Year Price of Peaches
(Dollars per
bushel)
Year
1
Year2
11
9
Price of Pecans
(Dollars per
bushel)
6
10
Transcribed Image Text:Year Price of Peaches (Dollars per bushel) Year 1 Year2 11 9 Price of Pecans (Dollars per bushel) 6 10
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