Multiple Choice
Based on the Case in Point titled "Take Me Out to the Ball Game . . .", suppose the average price of the baseball fan market basket was $121.36 in 1998, compared to $219.53 (for the same basket) in 2016. Calculate the inflation rate experienced by a typical baseball fan over this period.
A) 16.88%
B) 38.51%
C) 80.89%
D) 71.03%
Correct Answer:
Verified
Correct Answer:
Verified
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