Multiple Choice
Consider the following data that gives the quantity produced and unit price for three different goods across two different years to answer the following questions. Assume that the base year is 2012.
-What was the rate of inflation between the two years?
A) 19.44 percent
B) 8.57 percent
C) 6.67 percent
D) 2.38 percent
E) 16.67 percent
Correct Answer:

Verified
Correct Answer:
Verified
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