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Table 24-1
the Following Table Pertains to Quicheland, an Economy

Question 190

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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 .


 Year  Price of Apples  (Dollarsp er bushel)   Price of Almond  (Dollars per bushel)   Year 1 124 Year 2711\begin{array} { | l | c | c | } \hline \text { Year } & \begin{array} { c } \text { Price of Apples } \\\text { (Dollarsp er bushel) }\end{array} & \begin{array} { c } \text { Price of Almond } \\\text { (Dollars per bushel) }\end{array} \\\hline \text { Year 1 } & 12 & 4 \\\hline \text { Year } 2 & 7 & 11 \\\hline\end{array}
-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.

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