The table below pertains to lowan, an economy in which the typical consumer's basket consists of 4 pounds of pork and 3 bushels of corn Price of Pnice of Park Near Com b012 $20 per pound $12 per bushel 2013 $25 per pound $18 per bushel Reler to the above table. If 2012 is the base year, then the inflation rate in 2013 was O 247 percent O 540 percent. 32.8 percent. O 38.0 percent

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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The table below pertains to lowan, an economy in which the typical consumer's basket consists of 4 pounds of pork and 3 bushels of corm.
Price of
Pnice of
Year
Park
Com
b012 s20 per pound
$12 per bushel
2013 $25 per pound
$18 per bushel
Reler to the above table. If 2012 is the base year, then the inflation rate in 2013 was
O 247 percent.
O 540 percent.
328 percent.
O 380 percent
Transcribed Image Text:The table below pertains to lowan, an economy in which the typical consumer's basket consists of 4 pounds of pork and 3 bushels of corm. Price of Pnice of Year Park Com b012 s20 per pound $12 per bushel 2013 $25 per pound $18 per bushel Reler to the above table. If 2012 is the base year, then the inflation rate in 2013 was O 247 percent. O 540 percent. 328 percent. O 380 percent
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