Multiple Choice
Table 24-15
The following table shows the prices of good X and good Y for 2013-2015. In addition, assume the basket of goods used to compute the Consumer Price Index consists of 3 units of good X and 4 units of good Y.
-Refer to Table 24-15. The inflation rate in 2015 was approximately
A) 41%.
B) 70%.
C) 140%.
D) 240%.
Correct Answer:

Verified
Correct Answer:
Verified
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