Multiple Choice
Refer to Table 8.1,which gives hypothetical data on price changes for three goods.If the overall rate of inflation in the economy was 3.5%,what happened to the real price of amusement park tickets?
A) The real price of amusement park tickets rose by 1.5%.
B) The real price of amusement park tickets rose by 8.5%.
C) The real price of amusement park tickets rose by 5.0%
D) The real price of amusement park tickets fell by 1.5%.
Correct Answer:

Verified
Correct Answer:
Verified
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