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The Table Below Shows the Current and Base-Year Prices of Different

Question 129

Multiple Choice

The table below shows the current and base-year prices of different goods in a market basket.
The table shows that the price of the market basket in the current year is _____ higher than the price of the market basket in the base year.
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Table 6.2
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 Product  Quantity in  market basket  Price in  base year ($)  Price in  current year ($)  Bread 101.001.50 Milk 51.002.00 Gum 500.200.50\begin{array} { c c c c } \text { Product } & \begin{array} { c } \text { Quantity in } \\\text { market basket }\end{array} & \begin{array} { c } \text { Price in } \\\text { base year } ( \$ ) \end{array} & \begin{array} { c } \text { Price in } \\\text { current year } ( \$ ) \end{array} \\\hline \text { Bread } & 10 & 1.00 & 1.50 \\\text { Milk } & 5 & 1.00 & 2.00 \\\text { Gum } & 50 & 0.20 & 0.50\end{array}


A) 100 percent
B) 50 percent
C) 1 percent
D) 200 percent

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