If the Price of a Typical Market Basket of Goods

Multiple Choice

If the price of a typical market basket of goods increased from about $20 in 1960 to $200 in early 2012,then it

A) must not have contained the same goods in both periods.
B) rose at a 100 percent rate from 1960 until early 2012.
C) rose at a 10 percent rate per year from 1960 until early 2012.
D) rose by 10-fold from 1960 until early 2012.
E) rose by 40-fold from 1960 until early 2012.