Year Price of Pizza Price of Beer 2010 $10 $15 2011 $12 $16 2012 $14 $17 Table 2. Let 2010 be the base year Use the following market basket: 100 pizzas 300 cases of beer Refer to Table 2. What is the rate of inflation between 2010 and 2011? Question 23 options: a) 12% b) 5% c) 100% d) 9%

ENGR.ECONOMIC ANALYSIS
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Year Price of Pizza Price of Beer
2010 $10 $15
2011 $12 $16
2012 $14 $17
     
Table 2.  Let 2010 be the base year

Use the following market basket:
      100 pizzas
      300 cases of beer


Refer to Table 2.  What is the rate of inflation between 2010 and 2011?
 

Question 23 options:

 

a) 

12%
 

b) 

5%
 

c) 

100%
 

d) 

9%
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