Multiple Choice
Table 24-1
The following table pertains to Quicheland, an economy in which the typical consumer's basket consists of 15 bushels of apples and 7 bushels of almond .
-Refer to Table 24-1. If Year 1 is the base year, then the inflation rate in Year 2 was
A) 12.50 percent.
B) -15.00 percent.
C) -9.00 percent.
D) -12.50 percent.
Correct Answer:

Verified
Correct Answer:
Verified
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