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The following table lists the basket of goods in the Consumer Price Index for the nation of Astro (assume 2014 is the base year). 2014 2014 2015 2015 2016 2016 Quantity Price Quantity Price Quantity Price Sunglasses 8 $9.00 10 $11.00 7 $10.00 Toothpaste 15 Ferrets 6 3.00 12.00 18 4.00 15 4.00 4 15.00 9 18.00 Table 6.2 Using the information in Table 6.2, the inflation rate from 2015 to 2016 is about 5 percent. 31 percent. ○ 17 percent. 4 percent.

The following table lists the basket of goods in the Consumer Price Index for the nation of Astro (assume 2014 is the base year). 2014 2014 2015 2015 2016 2016 Quantity Price Quantity Price Quantity Price Sunglasses 8 $9.00 10 $11.00 7 $10.00 Toothpaste 15 Ferrets 6 3.00 12.00 18 4.00 15 4.00 4 15.00 9 18.00 Table 6.2 Using the information in Table 6.2, the inflation rate from 2015 to 2016 is about 5 percent. 31 percent. ○ 17 percent. 4 percent.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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The following table lists the basket of goods in the Consumer Price Index for the nation of Astro (assume 2014 is the base year). 2014 2014 2015 2015 2016 2016 Quantity Price Quantity Price Quantity Price Sunglasses 8 Toothpaste 15 Ferrets 6 $9.00 10 3.00 12.00 $11.00 7 $10.00 18 4.00 15 4.00 4 15.00 9 18.00 Table 6.2 Using the information in Table 6.2, the inflation rate from 2015 to 2016 is about ○ 5 percent. 31 percent. ○ 17 percent. ○ 4 percent.
Transcribed Image Text:The following table lists the basket of goods in the Consumer Price Index for the nation of Astro (assume 2014 is the base year). 2014 2014 2015 2015 2016 2016 Quantity Price Quantity Price Quantity Price Sunglasses 8 Toothpaste 15 Ferrets 6 $9.00 10 3.00 12.00 $11.00 7 $10.00 18 4.00 15 4.00 4 15.00 9 18.00 Table 6.2 Using the information in Table 6.2, the inflation rate from 2015 to 2016 is about ○ 5 percent. 31 percent. ○ 17 percent. ○ 4 percent.
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