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-In 2016, Consumers in Dexter Consumed Only Books and Pens

Question 56

Multiple Choice

-In 2016, consumers in Dexter consumed only books and pens. The prices and quantities for 2016 and 2017 are listed in the table above. The reference base period for Dexter's CPI is 2016. What is the inflation rate in 2017? A) 69 percent B) zero C) 31 percent D) 2 percent
-In 2016, consumers in Dexter consumed only books and pens. The prices and quantities for 2016 and 2017 are listed in the table above. The reference base period for Dexter's CPI is 2016. What is the inflation rate in 2017?


A) 69 percent
B) zero
C) 31 percent
D) 2 percent

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